Pashabxl

EURUSD: NFP = Not Financialy profitable for SHORT?

FX:EURUSD   Euro / U.S. Dollar
A sudden NFP data that was not in line with expectation push EUR on the upside with a sudden and unexpected move. But this is economy you cannot forecast everything. Sadly it is at a time of Eastern where EU official institutions are on holiday although markets are open.
The sudden rise of EUR is too expensive for ECB and its stratgy. Therefore one may wait for a move of ECB on Monday. Bare in mind that This move may have killed a lot of STOP for those who are shorting EUR against USD. That is why as a joke I've thought that NFP might also be not Financialy profitable for SHORT ;-)
Keep the smile on your face.
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