EUR/USD, NFP possible move!?
Important data from the US Labor market is coming up and this is how I see the possible move here. The pair reached 1.1380/90 yesterday, the level which I mentioned as an possible resistance in my EUR/USD analysis from the begining of the May 07. The sellers were ready there and they returned the pair down true the 1.1280/300 support, all the way to 1.1181 where the pair took a brake for now. NFP and US Unemployment Rate data is coming up in about an hour (12:30 h GMT) and I made this possible move after the data. If numbers will be better, US dollar could be boosted and pair could return to the 1.1000/50 support, where the buyers are waiting. Could they defend that level? It’s possible, after wich the buyers could form this H&S latter. If the numebrs from the Labor market fails, EUR/USD could be boosted up to 1.1380/90 again. EUR/USD has returned in my predicted consolidation range from May 06.