NFP of US is at 223 k against the street expectation of 189 K should give a boost to US currency and we may expect Eur to trade sub 1.5k in a short time. However, The correction in the past 2 weeks in Eur/USD seems to have been absorbed! Any trade above 1.1730 zone in Eur/USD may result in bullish trend. For all the bearish positions, a close above 1.1750 on 4 hour candle may be stop.
Japanese Yen above 110 may witness further uptrend as it is currently working as inverted shoulder. We may also expect it to reach 111.50 in a short period. below 109 it is expected to be bearish and may correct upto 108. as of now, I don't see any trend in this pair.
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