Every report that I've read today has mentioned that price action over the past few trading sessions has been nothing short of typical summer day. With the euro still at the 1.30 figure, things aren't looking any clearer. We're still going to target 1.3120 if the current top of 1.3050 is broken, and if rejected, we will then look for a move down to 1.2750 in the short term. With the week nearly coming to an end, we remind ourselves of next Friday's very important Non-Farm Payrolls release. That may be the trigger that causes risk aversion, if the numbers released are worse than expected. For now, we remain on the sidelines, waiting for the next signal.
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