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EUR/USD: Fade Non-Farm Payrolls
Most people know that non-farm payrolls is notoriously difficult to trade. However. I want to point out that in each of the past 4 months, the knee jerk reaction in the EUR/USD was quickly erased. This suggests that the initial move is “fade-able.”
Take a look at the 5 minute charts yourself to see how the EUR/USD traded intraday on the heels of the Non-farm payrolls report. Also read my article, April Non-Farm Payrolls Preview: The Charts that Matter