Hello everybody,
Today is Saturday and we are relaxing after the hard trading week.
What happened on Friday:
It was not a big surprise and I think a lot have suspected higher readings of the NFP and it jumped from 230k expected to 280k which absolutely normally resulted in this strong spike of the USD. But what can we take out of this spike will this lead to further USD appreciation or this is only a mass panic and the trend of the EURO return back to northern territory. I think it will become clear next week. If it breaks the support of 1.1333 there is no stopping, on the other hand if euro fails to return over 1.1222 than weekly channel down will continue. I am not attaching graphs because I like to play sometimes with numbers and it often helps me.
Have a nice weekend
Today is Saturday and we are relaxing after the hard trading week.
What happened on Friday:
It was not a big surprise and I think a lot have suspected higher readings of the NFP and it jumped from 230k expected to 280k which absolutely normally resulted in this strong spike of the USD. But what can we take out of this spike will this lead to further USD appreciation or this is only a mass panic and the trend of the EURO return back to northern territory. I think it will become clear next week. If it breaks the support of 1.1333 there is no stopping, on the other hand if euro fails to return over 1.1222 than weekly channel down will continue. I am not attaching graphs because I like to play sometimes with numbers and it often helps me.
Have a nice weekend
