Following NFP Which Factor Wins Out - Risk Appetite or US Rate Expectations?

The US economy surprised forecasts, posting a much better than expected 244K jobs created during the month. Forecasts were calling for a 185K increase, and from other data this week expectations had build for a soft release.

With upward revisions to February’s and March’s data, this is the 3rd straight month

Growth Of Bearish Potential As A Factor For EUR/USD Correction

The assumed retracement to the key resistance levels has been confirmed with conditions for realization of the planned short positions. OsMA trend indicator, having marked a drop of parties’ activity, doesn’t contradict with preservation of earlier opened short positions targeting 0,8690/0,8700, 0,8660/70 and/or further breakout variant up to 0,8620/30, 0,8580/90.

Growth Of Bearish Potential As A Factor For EUR/USD Correction

The assumed retracement to the key resistance levels has been confirmed with conditions for realization of the planned short positions. OsMA trend indicator, having marked a drop of parties’ activity, doesn’t contradict with preservation of earlier opened short positions targeting 0,8690/0,8700, 0,8660/70 and/or further breakout variant up to 0,8620/30, 0,8580/90.