EUR/USD
Dt- 05th Dec 2022
After NFP, EUR/USD initial reaction was down but then it rallied to print a fresh high and went as high as close to 1.0600, since then it is consolidating.
Since we are very close to the holiday season, the market will try to consolidate from here. Another point that will support this thesis is that RSI is close to 70, so we might see some sideways movement. So scalping should be the ideal strategy.
The major support is around 1.0351.
Disclaimer- Not financial advice.
EUR/USD
Dt- 7th Dec 2022
EUR/USD has bounced off the support level of 1.0440, on the upside the resistance is 106 followed by 1.0660, but due to the absence of any major data until Friday, it is likely to be range bound.
The major currency pairs may find directions after the release of the US PPI figures on Friday and that is slated to be the market mover of this week.
Disclaimer- Not financial advice.