EUR/USD: Fade Non-Farm Payrolls
Posted on May 07, 2009 at 14:34 PM EDT
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 [...]