The EURUSD Pairing after jobs data yesterday was highly predictable and completely cyclical. We called for a rocket up on the news, but the cycles were showing lower on the trend. We saw Fridays trading in the EURUSD opening around 1.4185 and start to rocket on the data. But when it finally reached 1.4265 there were no buyers in sight the entire trip. It was all speculative sellers coming into play on the offer price as most were watching the 2 and 10 Year Yeilds. As that rose to 3.76% there was significant $ strength in the midst of a dollar sell off in phantom trading. This caused a monsterous retracement and a confirmation of us going lower for the general market momentum.
This weeks trades were slim but well prepared for. We will prepare the most recent for our viewers.
