The currency pair surged last week on the expectations of worse US labor market data. However, this data was mixed as non-farm employment change was worse than expected but unemployment level was better than forecasted.
There are several ECB and FOMC heads speeches this week. We can see a reversal pattern but it is far from the levels. We advise waiting for the price to reach support or resistance before making any trading decisions.
There are several ECB and FOMC heads speeches this week. We can see a reversal pattern but it is far from the levels. We advise waiting for the price to reach support or resistance before making any trading decisions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.