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EURUSD whips around after weaker US employment report

Discussion in 'Technical Analysis' started by ForexLive, May 6, 2016.

  1. ForexLive

    ForexLive Forum Member

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    EURUSD moves to 100 hour MA and reverses The EURUSD has moved higher on the back of the weaker than expected US employment report. NFP rose 160K vs 200K with the prior month revisions subtracting -19K. The hourly wages was as expected. The Unemployment rate remained at 5.0% vs 4.9%

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    All the news caused was a whipsaw. Disappointing, but unsurprising, unfortunately.
     

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