EUR/USD

Early today eurusd attempt to take out last week low 1.3585 had failed, upside momentum is not strong enough only reach 1.3665, that makes a new trading range between 1.3585-1.3665.

Pressure on the ECB is increasing, all the eyes on Draghi tomorrow, is he going to take action?

One wrong action from the ECB, anything could happen.

The ADP data were much worse than expected. Market expectations were for a 210,000 reading, but it was only 179,000.
So the expectations for the NFP today are 218,000 and I think they will be 187,000 worse than expected.
EURUSD, GOLD should rise and the Indexes should fall!!
Could this be a sign of a potential correction in the markets?

It could be, very likely, but after whipsaw yesterday I can't be sure.

The Euro can go into a consolidation versus the Dollar. It all depends on how much the market believes that the ECB will implement more stimulus measures.

Today price starts just pick up from last Friday, the main trend is down on the daily chart, a new short-term range has been established between 1.3502 and 1.3676.

Giving the bearish trend today, I would not go long.

I agree with you. It is best to wait to see which way the asset will take

Very undecided the EURUSD and who knows how the upcoming fundamentals will affect it.

The EURUSD is below the 1.36 handle again 😀, but no clear direction 🙄. Choppy action all around 😲!

It has been losing ground since the beginning of May and is now below key levels

Agreed, potential targets for the bears might be 1.35375 and follow by 1.35035.

A visit to the 1.3500 can stop the price there on the EURUSD. Lets see how it reacts to that level.

It may test 1.36 level again since now this pair has broken that level.

hello all , my name is sherif im new in the site so before sharing i want to say hi to everyone

Hi, sherifFares welcome and have fun here!😄

Looks like we have the correction, will eurusd test 1.3500 level again today, I'm not sure.

An important level to watch on EURUSD is the 1.35 handle! If price breaks it to the down side we could see it going as far as 1.3476 or even 1.34 handle.