EURUSD completed the 2nd pullback slightly higher than the range top.
NFP data was released, showing an actual of 266k as compared to 181k, and the unemployment rate fell to 3.5% from 3.6%.
This gave the Fed a very valid reason to pause any further rate cut which will be good for the dollar.
As such, the price has started the 2nd bearish trend during NFP last Friday as it broke through the bottom of a range.
In this week, await pull back and look for sell opportunity between the range of 1.1068 and 1.1089.
NFP data was released, showing an actual of 266k as compared to 181k, and the unemployment rate fell to 3.5% from 3.6%.
This gave the Fed a very valid reason to pause any further rate cut which will be good for the dollar.
As such, the price has started the 2nd bearish trend during NFP last Friday as it broke through the bottom of a range.
In this week, await pull back and look for sell opportunity between the range of 1.1068 and 1.1089.
