ridethepig

Bulls struggling with USD catching a strong bid via yields

FOREXCOM:EURUSD   Euro / U.S. Dollar
=> Here we have an important chart update for NFP
=> For those who have been following our flow since FED, we tried outguessing some profit taking from shorts being done into NFP anticipating a pullback towards 1.165x(edited)
=> The fear of inflation returning is causing large hands to sell bonds and as a result yields are rising giving USD a strong bid.
=> Here we are eyeballing key support levels to see if we can unlock 1.1185x for a test
=> What we are tracking here is a breakdown in EURUSD with an overshoot in NFP being a catalyst
=> More interestingly the effect this will have on global equities ...more charts on that later
=> GL all
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