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EURUSD dips to 1.07 on surprising NFP

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro collapsed on surprisingly high US Oct NFP data that came at 271K, above the most optimistic forecasts. Overall sentiment was positive, with majority of traders being around 180k to 200K expectations. The greenback received strong boost and rallies strongly vs the single currency, as the pair dipped to 1.07 zone, on initial reaction on NFP’s release. Initial acceleration took out very important 1.08 support zone, which acted as critical med-term support, marking the bottom of May

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