The US dollar ripped 100 pips higher on the May jobs report
Strong jobs growth, upbeat revisions and (small) signs of wage growth; what's not to like? After a dismal week for the US dollar, the non-farm payrolls report is a reminder that the Fed is data dependent and a very good employment report puts a September Fed rate hike right back on the table.
Not only that, the market is still in love with the US dollar and is always looking for a reason to buy.
I think you can chase this number.
EURUSD is some kind of head & shoulders and it could be a quick trip back to 1.09
