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Showing posts with the label soft jobs data

Eur/Usd post NFP data

Euro is still trading in range between 1.1330$ and 1.1410$ areas, the pair rallied to 1.1410$ after Non farm payroll came less than forecast figures, unemployment data came flat. Euro still trading in range , sell the high and buy the low of the range and your stop loss should be 20 pips plus. however , Main direction for the euro is bullish and expected to visit 1.17$ in medium term.

Euro could continue to 1.1450

If eur/usd managed to close this week above 1.1240$ then we will see it at 1.1450 within few days.Eur/usd is still bullish on the daily chart and there is no sign of pause for the rally at the moment. After soft jobs data for united states today , euro and gold are rallying and breaking strong resistance areas. Both may keep the bullish rally if this week closed at current trading areas 1.1280$ and 1276$ I will be updating after markets close. However currently I am on short side for euro unless we close this week above 1.1240$ ....