The dollar is a post-NFP “punching bag” – can it fight back?

EUR/USD: The post-NFP reaction may be somewhat strange with riskon/dollar off so notably on a lesser number. Be that as it may,the pair trades at levels not seen since late 2011 and bullishlyso. There are a couple of medium-term refs around 1.38 whichmay hold, but if not – in the longer-term there are perspectivepotential objectives are located at 41.3950\1.4000 or even ashigh as near 1.44. Nearest support below should form aroundyesterday’s 1.3730 mid-body point.

Read the full report: Technical Alert

 

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