So, The NFP data release is upon us along with the US unemployment figures(one day earlier due to the holiday long weekend in the US). If you believe in ADP forecasting NFP the market might be in for yet another positive surprise.
But I'm actually contemplating closing all positions as even if we get a positive set of data, the market reaction is unpredictable. If the NFP number is in fact better than the market expects EUR\USD will test 1.0950 level but I wouldn't be surprised if it rebounded back to 1.1107 from there.
But I'm actually contemplating closing all positions as even if we get a positive set of data, the market reaction is unpredictable. If the NFP number is in fact better than the market expects EUR\USD will test 1.0950 level but I wouldn't be surprised if it rebounded back to 1.1107 from there.