EUR/USD: Selling opportunity? Why Nonfarm Payrolls expectations could be too low
May 7, 2021 09:04 GMTForex News EUR/USD has been drifting off the highs it reached on Thursday as markets await US Nonfarm Payrolls. Disappointing figures in the buildup to the report have lowered expectations. The vaccination campaign, reopening and President Biden’s post-NFP presser point to an upside surprise. Friday’s four-hour chart is painting a mixed picture. Goldilocks – signs that the US economy is exiting melt-up conditions and entering into a “not too hot, not too cold” scenario may have been premature. Another sign of overheating could boost the dollar as expectati...