Article by Investazor.com
Last Friday we had a volatile but directionless trading day. The Non-Farm Payrolls was published, as I expected inside 190K – 205K (at 192K) and the Unemployment Rate for US stood still at 6.7%, even though analysts expected a 0.1% drop.
In my first scenario I have said that a NFP release inside this range would bring a 60 pips sideways move for the EURUSD and so it did. After the publication of the US labor market indicator the price has set a high at 1.3730 and a low at 1.3672. The week has ended with no further important actions from investors.
See Friday analysis: EUR/USD Forecast And Price Action for April 4th;
Today the price has opened near last week’s closing price and the Euro managed to recover 20 pips.
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