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The EUR/USD has retraced from weekly highs during today’s NFP Event.

The GBP/USD has opened trading in a 55pip range ahead of tomorrow’s NFP release.

The GBP/USD has opened trading in a 55pip range ahead of tomorrow’s NFP release.

The EUR/USD has failed to breakout despite a series of high importance news events.

The EUR/USD has failed to breakout despite a series of high importance news events.

Dow Jones sideways trade at resistance suggests the market thinks the resistance level is important. A potential selloff could give back 5-7% of the recent gains.

Dow Jones sideways trade at resistance suggests the market thinks the resistance level is important. A potential selloff could give back 5-7% of the recent gains.

The USD/JPY has turned lower this morning, after initially attempting a bullish breakout.

The USD/JPY has turned lower this morning, after initially attempting a bullish breakout.

Dow Jones reverses as anticipated and the selloff could give back 5-7% of the recent gains. Using a triangle pattern as the analog, we anticipate support near 16,500.