The decline in Eur-Usd stopped a few pips before the target area of 1.10600/1.10750 due to the bad data on Friday on American employment.
Non-Farm Payroll +139k, but if we read in detail the data, we can see that Retail Trade + Leisure and Hospitality + Education and Health Services = +117.2k (they represent 84.3% of total new employed). If we add Manufacturing -12k, Transportation and Warehousing -10.4k and Average Hourly Earnings a disappointing + 0.1% Friday's data wasn't good at all.
Now, Eur-Usd will return to climb (it is always in a bullish channel), with the first target area 1.12000/1.12400 and the following in the area 1.13000/1.13300.
Non-Farm Payroll +139k, but if we read in detail the data, we can see that Retail Trade + Leisure and Hospitality + Education and Health Services = +117.2k (they represent 84.3% of total new employed). If we add Manufacturing -12k, Transportation and Warehousing -10.4k and Average Hourly Earnings a disappointing + 0.1% Friday's data wasn't good at all.
Now, Eur-Usd will return to climb (it is always in a bullish channel), with the first target area 1.12000/1.12400 and the following in the area 1.13000/1.13300.