Watching to see if EURUSD can reclaim and maintain the 40 pip gap that currently stands between it and closing the week bearish for the 12th consecutive time.
After an initial drop on Monday, the EUR stabilised Tues/Wed after the Dollar has started to show signs of easing. After the intervention by BoJ to stop the Dollar from staying above 150.000, the green back hasn't looked as strong since.
The EUR currently only has to close a 50 pip gap to turn the week green, but with NFP looming over the Dollar tomorrow, a positive data release could seal the fate of the EUR and make it 12 in row!
After an initial drop on Monday, the EUR stabilised Tues/Wed after the Dollar has started to show signs of easing. After the intervention by BoJ to stop the Dollar from staying above 150.000, the green back hasn't looked as strong since.
The EUR currently only has to close a 50 pip gap to turn the week green, but with NFP looming over the Dollar tomorrow, a positive data release could seal the fate of the EUR and make it 12 in row!
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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.