TGDManagement || End Of Week Update
The U.S. economy added more jobs than anticipated in November, in a sign of lingering robustness in the American labor market that could factor into how the Federal Reserve approaches its future interest rate decisions.
Non-farm payrolls increased by 199,000 jobs last month after rising by 150,000 in October, according to data from the Labor Department's Bureau of Labor Statistics.
As expected the 1.26000 level held strong and the market printed a classic breach and retest pattern
With price trading between the 1.26000 and 1.25400, its best to wait until breach of either levels to know exactly what the big money momentum is. Right now it looks like the 1.25400 level has held strong with price rejecting this level since Wednesday 06 Dec 23.
Non-farm payrolls increased by 199,000 jobs last month after rising by 150,000 in October, according to data from the Labor Department's Bureau of Labor Statistics.
As expected the 1.26000 level held strong and the market printed a classic breach and retest pattern
With price trading between the 1.26000 and 1.25400, its best to wait until breach of either levels to know exactly what the big money momentum is. Right now it looks like the 1.25400 level has held strong with price rejecting this level since Wednesday 06 Dec 23.
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