Forex EUR/USD Daily Video, January 04, 2023

[Sive Morten]

Good morning,

Sharp EUR reversal yesterday and simultaneous rally on the Gold market tells us that political issues are involved in background. We do not want to go against them. Now we consider only one trading setup with possible short entry around 1.0635 area on 1H chart.

 

[Suomi]

Still a few hrs before tha daily close, but it looks as a bullish engulfing on GBPUSD. Missing that USD strength still. NFP??

 

[Sive Morten]

Still a few hrs before tha daily close, but it looks as a bullish engulfing on GBPUSD. Missing that USD strength still. NFP??

Difficult to say. Maybe NFP, recent comments mostly are of some scare concerning employment, claims are rising for 8th week in a row.