EURUSD slips below triangle swing low of $1.0890/95. After a rather passive start to the week economic-data wise, event risk should pick up quite considerably over the next three days, starting with today’s duo of significant economic data. Of note, the combined outlook the US ADP Employment Change report and the US ISM Services index Employment subcomponent can provide the markets should be thorough enough for traders to get a strong indication of where Friday’s US Nonfarm Payrolls report will land. Accordingly, ahead of Friday, the USDOLLAR Index, which has already shifted back into the topside of its recent bull flag con- solidation, may be eager to press a topside breakout in an attempt to retake the April highs.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5650 TARGET 1.5670 1.5700 SL 1.5620
SELL GBP/USD BELOW 1.5535 TARGET 1.5515 1.5485 SL 1.5565
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