The EUR/USD pair had a strong showing during the session on the Thursday as the Dollar got whacked against almost all other currencies. The Dollar really suffered against the Yen, and in return got sold off against almost everything out there, currencies and futures related.
The breaking of 1.32 is important, but we would be much more interested if we are above this level at the end of the Friday session. The nonfarm payroll number is important, and this is especially so this month. Because of this, we are buying at the end of the day if we are above the 1.30 level, and selling if we are below it.
Written by FX Empire