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Forex technical analysis: EURUSD tumbles on stronger jobs

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

  1. ForexLive

    ForexLive Forum Member

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    Fed tightening odds surge The US jobs report came out much better than expectations and the EURUSD fell sharply. The range for the day has extended to 192K from about 40 pips before. The correction has taken the price up about 48 pips from the low to a high at the 1.0750 level. The low price came in at 1.07018 in the first minute of trading. Traders who sold the low get squeezed a bit. The 50% of the last trend move lower comes in at the 1.0765-84. This is a risk area for the extended range today.

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