Upside: 1.2738 / 1.2758 / 1.2784 / 1.2812 / 1.2844
Downside: 1.2662 / 1.2640 / 1.2604 / 1.2573 / 1.2548
The euro continues to retrace after the run up earlier this morning but overall remains well supported above the 1.2650 level. There's still an hour before NFP and 2-hours before Wall St. so expect increasingly volatility as move towards what's shaping up to be another big challenge day for the Dow and S&P 500.
It's not likely I'll add any new positions ahead of NFP. The euro is clearly in a bearish downtrend overall but may see some relief today if the markets rally on a reaction to NFP.
-Davi
Downside: 1.2662 / 1.2640 / 1.2604 / 1.2573 / 1.2548
The euro continues to retrace after the run up earlier this morning but overall remains well supported above the 1.2650 level. There's still an hour before NFP and 2-hours before Wall St. so expect increasingly volatility as move towards what's shaping up to be another big challenge day for the Dow and S&P 500.
It's not likely I'll add any new positions ahead of NFP. The euro is clearly in a bearish downtrend overall but may see some relief today if the markets rally on a reaction to NFP.
-Davi
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