Non-Farm Payrolls figures released today at 280k were much better than expected at 229k and also much higher than last month’s figures at 221K. As you can see from the chart EURUSD took a nose dive but found strong support on the 38.2 Fibonacci retracement line. If that holds I think we could see the price of this pair going back up again next week. ZEW Economic Sentiment Index is out next Monday, so it will be interesting to see that number as I expect a good number will rally the EUR and a poor number should slow that rally down, or even send it back down to it’s next support on the 50% line at 1.0966

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