The euro rate has fallen to 1.1380 from its high of 1.1440. The LB line and the 45th degree acted as reasonably good supports. The price is currently consolidating around 1.1405.I haven’t gone for a Monday vs Friday scenario for two reasons. Firstly, the price movements following the payrolls report were not unidirectional. Secondly, a triangle has formed. This suggests that Friday’s movements will continue into today. I could be wrong, of course, but my ideal scenario today would be a slide for the euro to 1.1385/80.
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