Today will be a day with a lot of volatility after the non-farm payrolls data comes out. A worse than expected data would take the price to our target zone at 1.09750 - 1.10000, but if the data is better than expected, we would have a fall in the euro that we would take advantage of to place more buy orders.

Yesterday we were adding buy positions when the price fell to the 1.08600 level, Tuesday's daily low. The first target is at the level of 1.09250 and the second in the zone of ​​1.09750 - 1.10000

As I mentioned in the previous analysis, we could have had a decline in price after the great rise in the euro on monday, and so it was. The euro returned to the key level of the week at 1.08750 during the european session. My view remains bullish and we have only been taking advantage of these declines to open more buy positions. Target remains 1.09750 - 1.10000

Yesterday, the euro rose strongly in the american session after the worse-than-expected ISM Manufacturing PMI data was released, and surpassed this week's key level at 1.08750. In the derivatives market we saw a large volume of call options with strike 1.10000, so, although we may have a setback after yesterday's big rise, the euro should continue rising to the 1.09750 - 1.10000 zone.

The key level this week is 1.08750. I'm still waiting for a good point to enter the market with a short position looking for a retest of the 1.08000 zone.