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Surprise NFP sends the dollar lower

Discussion in 'Technical Analysis' started by ForexLive, Jun 3, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    EURUSD moves above the key ceiling area. USDJPY tumbles The NFP was a surprise. The Unemployment rate was the one bright spot. Technically, the price in the EURUSD moved up to the 1.1214-18 level stalled a little, and has moved above. The next target will be the 1.1282 level which is the low from May 13. The 200 bar MA on the 4 hour chart comes in around the 1.1300 level. The 38.2% of the move down from the May high comes in around that level. Close support now will be the May 23 high at the 1.1242.

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