The NFP smashed EU down, but candles closed within the upward pitchfork and with a strong 4h candle showing reversal signs. As the NFP was seasoned up, we don't need to add more into the mix to know that there will be no hikes until at least December. My view remains bullish and next week's EU GDP data can get us back above the descending trendline.
With latest price action, one could say that there's a lot of pressure upwards for GU, with bears pressing down price each rally up. The bear zone has weakened with the latest price closures above the 1.4380 zone. First upward target is 1.448 followed by 1.460 as TP2. If bears get in control again, price might fall back to the supply zone of 1.410 - 1.400