So non farm payroll data is worse than analysts' predictions, but unemployment rate data shows positive results. From the results of this mixed data release, the EUR/USD pair rose sharply through the price . We can go short now or wait, if it seems to me, it is better to just cancel our present position; And wait for a clearer price movement if we want short. We see next week if the opportunity arises.
See there are 2 important news this week on June 8, 2017, ECB press conference and UK parliamentary vote. President Mario Draghi had shown a tendency that monetary stimulus is still needed even though the overall eurozone is quite stable. The situation in European countries is still shaken by the frequent acts of terror, also incriminating the strength of this currency. Overall, I see the EUR pair and also the GBP will slightly weaken this week.
Move SL to entry for BREAK EVEN. Just in case the US rate hike on Thursday, June 14, 2017, is not as expected.
Good luck for you guys who trade this! we got US rate hike + hawkish Mrs. Yellen!