For the NFP release and for the rest of the day going into next week:
I would watch for a very high spike back to the 1.10 area and then back down towards 1.0950 and then hold below that.
My reasoning is that the price would want to re-test the highs at 1.0990 and 1.10 and then finally come back down for the week going into the French election, because no matter what the polls say, no one knows how the voters will truly act on election day.
I would watch for a very high spike back to the 1.10 area and then back down towards 1.0950 and then hold below that.
My reasoning is that the price would want to re-test the highs at 1.0990 and 1.10 and then finally come back down for the week going into the French election, because no matter what the polls say, no one knows how the voters will truly act on election day.