The EUR/USD advanced to 1.1597, reaching the midpoint of the weekly long bearish candle, after US NFP Payrolls came in much below forecasts. For now, the 1.1600/15 resistance zone is keeping the pair from advancing further to 1.1678-1.1700. However, consolidation and a loss of momentum below this zone should lead to a drop towards the 1.1500/03 and 1.1460/46 support zones.
Buyers need a correction lower to trigger their bullish positions towards higher levels, such as 1.1830 and 1.1900. Sellers should wait for bearish signals so they can lead the price below 1.1392 towards 1.1350/10.
Have a great weekend!

Weekly volatility (range) 138 pips
Option expiries for Monday: 1.1550 (EU2.15b), 1.1500 (EU1.01b), 1.1600 (EU1.17b) source: financialjuice.com
Significant news - US Factory Orders, US Trade Balance & US Initial Jobless Claims.
4H
Buyers need a correction lower to trigger their bullish positions towards higher levels, such as 1.1830 and 1.1900. Sellers should wait for bearish signals so they can lead the price below 1.1392 towards 1.1350/10.
Have a great weekend!
Weekly volatility (range) 138 pips
Option expiries for Monday: 1.1550 (EU2.15b), 1.1500 (EU1.01b), 1.1600 (EU1.17b) source: financialjuice.com
Significant news - US Factory Orders, US Trade Balance & US Initial Jobless Claims.
4H
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