The US Non-Farm Payroll was a positive surprise. As the EUR/USD is now below 1.2, it is crucial to understand why.
EUR/USD Forecast
965 posts
The EUR/USD was rejected by the middle bollinger band. S&P 500 records a significant dip as economic releases disappoint.
The EUR/USD launched a failed attempt at 1.2. The S&P 500 bounced and is up over 2%. Sentiment continues to weigh down the euro.
The EUR/USD breached 1.22 but failed to hold. The S&P 500 is also facing pressure. Volatility has increased.
The EUR/USD successfully breached 1.22 and the upper bollinger band. A corresponding climb is seen in the S&P 500.
The EUR/USD made a failed attempt at 1.22. S&P 500 may be an area of concern. Euro economic data delights and increases positive sentiment.