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EUR/USD spikes up to 1.1290 after NFP, Greenback slips

EUR/USD spikes up to 1.1290 with very little pullback Back above 100-DMA & 76.4 Fib of 1.1534-0.0463 as spreads narrow NFP slightly below forecast, USD & Treasury yields slip >1.1290 next resistance into 1.1310/15, 1.134…

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  • EUR/USD spikes up to 1.1290 with very little pullback

  • Back above 100-DMA & 76.4 Fib of 1.1534-0.0463 as spreads narrow

  • NFP slightly below forecast, USD & Treasury yields slip 

  • >1.1290 next resistance into 1.1310/15, 1.1345 and 1.1380/90

  • Sub-1.1175 needed to shake out recent longs

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