The EUR/USD pair fell hard on Thursday, as traders are focusing on the various issues in the European debt markets. The Non-Farm Payroll report comes out at 8:30 a.m. New York time and this pair will certainly be effected by it. The two currencies are both reviled as both economies are weak at best. The pair is tough, and it is choppy to trade. Because of this, we think the pair will be almost impossible to trade on Friday. However, the close could give up much more information. In the mean time, we see much cleaner set ups in other pairs such as the AUD/USD and NZD/USD for today.
Written by FX Empire