EUR Trader

June 8 2021

EURUSD Within its broad 1.2120/1.2260 Range

The Euro is trading roughly mid range, as the market awaits new factors to drive the market forward. Although Fridays NFP headline was a disappointment pushing US Bond yields and the USD lower.

Although the dollar is under pressure it is well off its recent lows, this is partly due to the fact that the market is already running short USD positions, but also because we have one eye on Thursday’s US CPI and the June ECB meeting.

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Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

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