FX.co ★ EUR/USD Daily Review: traders go long on EUR in anticipation of US jobs data

EUR/USD

Traders opened a lot of long positions from yesterday's low in anticipation of downbeat US jobs data.

Notably, market participants have been selling the euro for the last two days amid strong statistics from the United States.

Given that US jobs figures have been rather disappointing lately, traders expect this report to be downbeat as well.

We keep short positions from 1.2080 with SL at 1.2125.

Long positions can be opened at 1.2170 or above.