Eurusd NFP analysis

1. Resistance to Support Distance:

Resistance: ~1.0855

Support: ~1.0700

Distance: 1.0855 - 1.0700 = 0.0155 (155 pips)



2. Potential Entry and Stop Loss:

A short (sell) trade from resistance could have a stop-loss slightly above 1.0865

The take-profit target could be near 1.0700, yielding a 155-pip profit target.




Conclusion:

If price respects resistance, a short (sell) trade could target 1.0700.

A break above resistance would invalidate the bearish setup.

Confirmation through candlestick patterns or fundamental data (e.g., NFP) would strengthen the trade idea.