Last NFP friday (7th of August 2015) didn't come with big surprises. Slightly worse than expecated data caused the major pair failed to breakdown through 1,0850 area and even formed a bullish outside bar on daily chart. In the short term it can force the pair to test the higher levels, from 1,1000 to 1,1200. Anyway, as long as the incoming data form the US economy...
Recent EURUSD pulback from 1.0820 should be short lived, as the market is still expecting at least one interest rates hike decision from the FOMC later this year. Only poor economic data from the US economy, like slow GDP and prices growth or rising unemployement could sent EURUSD permanently above the 1.1450 level. For now however, we should observe the major...