From the beginning of last week the pair began a downward movement till friday. It was expected that the NFP would be good for USD. And of course it was better than good when the data was released. But if we compare the movement down of friday after knowing the data, it was not big deal. Four days before the market discounted great part of the movement. So now everyone is focusing in that the Fed is going to hike rates on December. If this would be true, the pair should need to climb to certain resistance from where the USD will be cheap for bears to sell the pair on a rate hike.
This scenario favours to look entry points for going long.
I would appreciate very much any comments.
Thank you in advance.