EURUSD Quick Short — Closing Before NFP

  • July 2, 2026
  • Posted by: EWGFX
  • Category: Technical analysis
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EURUSD is currently testing a short-term resistance zone around 1.1415 – 1.1420 after a strong intraday move higher.

This setup is not a long-term bearish view.
It is only a quick technical short idea before NFP.

The idea is simple: if price rejects from the current resistance area and fails to continue higher, EURUSD could pull back toward the previous intraday support zone.

Setup Levels:

Entry area: around 1.1415
Target: around 1.1390
Invalidation: above 1.1423

Our View:

This trade should be managed as a short-term pre-news setup only.

If resistance holds, a quick pullback toward 1.1390 is possible.
If price breaks above 1.1423, the setup is invalid.

Because NFP can create strong volatility, fake breakouts, and spread expansion, the position should be closed before the NFP release.

Resistance holds = short valid
Break above resistance = setup invalid
Before NFP = close the trade