Dealers say that China has been spotted on the bid at 1.3550 in EUR/USD, covering sales made within the last hour in the wake of the Us empoyment report. Can’t argue with his log as the market is having difficulty establishing sustainable trends early in the new year. Anytime you can grab a couple (or a couple of hundred) pips in a half hour, you won’t go broke pursuing that strategy. 1.3630 is minor resistance on rebounds intraday.
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