After opening with a gap that’s already about to be recovered we can look forward to new movements in the market for EUR/USD. With big events like the NFP coming up we will have an interesting week. Because July 3rd will be a federal holiday in the U.S. (which happens when July 4th is a Saturday) the NFP will be published Thursday. Expectations are 231K, while the previous value was 280k.

Market players expect a 226K value for the NFP, while the unemployment rate is expected to remain at 5.4%. Anything above a 200K NFP and an under 5.6% unemployment rate is favorable for the USD; however, a slight miss of the forecast could pull back some of the greenback’s recent gains.

In my view EUR/USD will reach 1,1300 until Thursday and after a positive NFP it will find support at 1,1130-40.

Sell 1,1315-20; TP1: 1,1200 TP2: 1,1130; SL:1,1390

We can secure the transaction by moving SL to original entry point when we have a profit of 20-30 pips.