NFP came and gone, it's neither good nor bad, good job numbers, but bad earnings. Overall it's a slightly better than expected report, which is ultimately USD bullish.
Now the focus is next weeks ECB meeting, and I guess Draghi may over deliver this time instead of over promise and under deliver. So this could be extremely EUR bearish.
Technically, I view the entire rise from 1.0825 level as a wave-2 bounce therefore price will drop to lower level soon.
Now the focus is next weeks ECB meeting, and I guess Draghi may over deliver this time instead of over promise and under deliver. So this could be extremely EUR bearish.
Technically, I view the entire rise from 1.0825 level as a wave-2 bounce therefore price will drop to lower level soon.
Trade active:
a bit late to post, I've entered short at 1.1030
