Good morning,
This morning will certainly be a range play until we have US unemployment later this afternoon,
EURUSD is trading around 1.4188 as I write and has been under pressure overnight after trading up to 1.4249, thus missing the take profit on my longs @ 1.4260.
Ideally 1.4170-80 should hold for a retest of 1.4260 pre payrolls. The only thing I don't like is the market must be quite long from yesterday's huge buying all the way up from 1.4120 in Europe until 1.4280 during US hours.
Let's see how's the appetite this morning.
Have a good day,
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