The EURUSD was unable to reverse the downtrend even after the disappointing job data from the U.S. The EURUSD was trying to move up after the U.S. job report, but the euro buyers were not pushing it hard enough. The US non-farm payrolls numbers came in way below the market…
Month: October 2018
The Strong U.S. Private Sector Job Numbers Sent the EURUSD down to 1.15 Again
The EURUSD has been trading between 1.15 and 1.1590 since yesterday. The EURUSD recovered some of the huge losses that it had suffered from since September 24, but the weakness resumed after the strong U.S. ADP survey numbers. The private sector added 230,000 jobs in September, which far exceeded the…
The EURUSD Is in Free Fall and the 1.15 Handle Is Being Challenged
The EURUSD was in the free fall pattern after the U.S. and Canada reached the trade agreement at the 11th hour. The EURUSD has suffered huge losses since September 24 and fallen almost 300 pips. Several factors have triggered the U.S. dollar strength against the euro. The Fed will continue…