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After a couple of attempts to break above strong 1.1380 - 1.1400 resistance, Euro turned south and retraced about 150 pips, breaking 1.13 level and Previous Week High (1.1290) in the process. It stalled between 100 DMA (1.1250) and Daily Support 1 (1.1225) before stabilizing.
Another encouraging Unemployment Claims reading (265K vs. 277K expected, 262K previous) helped to ease Dollar bulls' concerns over tomorrow's NFP.
The focus will now shift to UK election and Cable, with the results of first exit polls expected to start coming in from 21:00 GMT. Be careful if you will be trading it, as daily range on this kind of events could easily reach or even exceed 500 pips.
Another encouraging Unemployment Claims reading (265K vs. 277K expected, 262K previous) helped to ease Dollar bulls' concerns over tomorrow's NFP.
The focus will now shift to UK election and Cable, with the results of first exit polls expected to start coming in from 21:00 GMT. Be careful if you will be trading it, as daily range on this kind of events could easily reach or even exceed 500 pips.
