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EURUSD falls to the 50% target/swing area and finds dip buyers after jobs data

The US jobs report remains strong..kind of. The nonfarm payroll added 253,000 jobs but there were revisions to the prior month of -149K. Nevertheless the unemployment rate at 3.4% is still at record low levels. Gotta think that the baby boomers retiring just will keep unemployment rates lower until that point when AI starts to really kick in. Wages remain a concern at +0.5%. Just anecdotally, high-paying tech jobs have been retracing. They over hired. However these were the highest paying jobs... Read More

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Eurusd

Falls

Target

Swing

Area

Finds

Buyers

After

Jobs

Data

Target swing

Forex

Posted: May 5 2023, 13:09

Author Name: forexlive

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