ForexWarrior2020
Recruit
- Messages
- 296
Yeah im thinking there could some downside pressure. There is some liquidity to take on DXY too which is a good confluence
I’ll be waiting for the retracement to enter. I thought it was going to be the case with the NFPEURUSD - 06/09/2021 - Oof! Last weeks poor USD economic data sent the pair up to 1.19.
“Nonfarm Payrolls report added just 235K new jobs, missing the 750K expected”
“The ADP survey added 374K new jobs, well below the 613K expected”
“ISM Manufacturing employment sub-component contracted to 49 from 52.9”
On top of this Powell from the FED has suggested tapering may not happen and that economic recovery may be sluggish in the US.
ECB remains stoic on monitory policy.
This week economic points:
EUR gdp - Monday
All in all not sure where to go, will be eying a bit of retrace on Monday but all eyes on Wednesday FED speeches for real movement.
- USD FED Speeches - Wednesday
- EUR ECB Policies decisions - Thursday
So how are you guys fairing? See the USD dropping further?
#financiallyfreetrader
View attachment 68643