EUR/USD, the worst NFP data since 2010!
The worst NFP since September 2010 (+38K) and the US dollar is slammed in the market. EUR/USD is marching strongly upward and it has reached 1.1300 for now. It will be interesting to see where the pair will end the day after this terrible data!? 1.1320/50 could be the real test for the buyers and it could stop ‘the Europhoria’ today, but closing the above could prepare the bulls for another and more gain in the next week. Wooow, what a day for end of the week! 🙂 Just to add here, the unemployment data shows a much better rate at 4.7%, previous 5.0%!