EUR/USD has erased the non-farm payrolls losses
The non-farm payrolls report was about the best thing a US dollar bull could have hoped for. Jobs growth was strong, revisions were upward and there was a big unexpected beat in wage growth.
Yet here we are and the euro is right back to where it was before the report.
If something can't rally on good news, it probably won't rally at all.
Granted, the US dollar is still substantially higher on a few other fronts but if you're trading EUR/USD, it's getting increasingly tough to be anything but bullish.
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