NFP News Release For 4th, September, 2020

in forex •  4 years ago 

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The Euro was weak but the dollar was strong.

So i sold EURUSD, and also because the USD was strong USDCAD was bullish.

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Here I sold EURUSD

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Looking at the Moving Average Cross from Tradingview the EURUSD looks like it will be bearish for a long time.

Also, according to the NFP US unemployment rate fell to 8.4% this made the dollar strong. Therefore the EURUSD will be bearish for sometime.

This post was taken from my blog at forexblogz.kbasante.com

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