Extra! Extra! Read all about it. The EURUSD is still higher on the week.
6 February 2015, 20:56
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A week ago, we closed the EURUSD at 1.1278. So if I were to put in words how the EURUSD did this week, it would be:
“EURUSD ends higher on the week after strong employment report”
In the process the price squeezed to 1.1533, It came down to 1.1302. It squeezed up to 1.1498 and tumbled lower on the back of a strong US employment report back to 1.1311 (currently).
It would make more sense if somehow the price were to tumble further below 1.1278 before the end of the week. Wouldn’t it?
