Possible Scenarios for July 2

📈 Bullish Scenario:

Condition: Holding above 1.1760 or false breakout below.

Target: Retest of 1.1825 → breakout → move toward 1.1850–1.1880.

Trigger: USD weakness / negative U.S. macro data / strong European session.

📉 Bearish Scenario:

Condition: Break and consolidation below 1.1755 on M30.

Target: Pullback to 1.1700–1.1670.

Trigger: Positive news for the dollar (e.g. strong U.S. data).

🔄 Neutral / Range-Bound:

Range: 1.1760–1.1825 unless a clear catalyst emerges.

🎯 Trading Ideas:

Consider buying from 1.1760–1.1775 if a confirming pattern forms (e.g., pin bar or false breakout).

Or look for short opportunities from 1.1825 if price shows weakness at that level.

💬 Let me know if you want the chart with levels and scenarios marked — I’ll post it in the comments!

#forex #EURUSD #tradingideas #priceaction #marketupdate #euro #dollar #tradingplan

📢 Don’t Miss the NFP Release – Key Event for Gold Traders! 🟡📊

The US Non-Farm Payrolls data will be released on July 3 at 12:30 GMT (GMT+0).

Here’s what markets are expecting:

🔸 Employment Change
Previous: +139K
Forecast: +120K ⬇️

🔸 Unemployment Rate
Previous: 4.2%
Forecast: 4.3% ⬆️

🔸 Average Hourly Earnings (y/y)
Previous: 3.9%
Forecast: 3.9% ➡️

⸻

🔍 What It Means for Gold (XAU/USD):

📉 Weaker job growth and a higher unemployment rate could signal a cooling US economy, increasing the chance of a Fed rate cut.

💵 This would likely weaken the US dollar and push gold prices higher as investors seek safe-haven assets.


📅 Set your alarm: July 3, 12:30 GMT
This release often brings high volatility, especially in gold-related instruments.

Be ready and manage your risk accordingly! ⚠️📈

#NFP #GoldTrading #XAUUSD #TradingNews #MarketUpdate #USD