EURSD falls initially on better jobs/higher earnings, but...

Discussion in 'Technical Analysis' started by ForexLive, Apr 1, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Unemployment rate higher and technical support can not be taken out The EURUSD fell to a low price of 1.1383 after the slightly higher than expected NFP jobs (215K vs 205K). That low was just above the old high price going back to Feb 11 at 1.13757. That is the first major hurdle to get through from a technical perspective for the pair (then 1.13415 and 1.1322) if the pair is to go lower. If it cannot that is trouble for the bears

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