Saturday 9 May 2015

How Disappointing




Were you expecting that the US Non-Farm payrolls to provoke some strong volatility on the EUR/USD chart? I certainly did, but once they came out I was pretty disappointed. Nothing major happened. The pair returned below the 1.1230 level and reached the support at 1.1180. Apparently we will have to wait for next week for any changes. I think there is a strong possibility for the pair to continue falling and reach the support level at 1.1140, or perhaps even 1.1080. I wonder, however, whether this is the end of the EUR/USD move to the upside or is it just a temporary setback.
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3 comments:

  1. Unknown10 May 2015 at 13:19

    Well done, thank you.

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  2. Unknown10 May 2015 at 15:25

    Low volume, high volatility, high manipulation. We had 100 pips up and down everyday for the past few weeks, are we expecting the same next week?

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  3. Unknown10 May 2015 at 16:07

    The pair is testing the support level.

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