EUR/USD testing 1.07 as dollar hits fresh lows.
The US dollar is at fresh lows with EUR/USD at 1.0697. I like selling EUR/USD here with a stop at 1.0725 for a trade.
The market is acting like it did after non-farm payrolls. You'll remember those moves reversed (and more) a day later. Real money is going to come in and whack the US dollar at some point because even if growth is a tad slower than the bulls were hoping at the start of the year, we're still in an incredible bull market.
That said, if 1.0725 goes, it might be time to stand back and see where it goes.
