The fact that the pair managed to hold itself quite far from the recent lows before the NFP release makes me question about further downside in the near term. Perhaps next week, we'll make another try to break that trendline to the upside and if that happens, then I'll consider a long position but only after we get a decent re-test of the channel.
However, keep in mind that the trend is clearly to the downside.
However, keep in mind that the trend is clearly to the downside.
