Non-farm payrolls: EUR/USD trading strategy

We review the price action on EUR/USD from the past three non-farm payroll days to help us find reoccurring patterns of behaviour ahead of the August 7 NFP release.

The June report

DATE

ACTUAL

DEV

CONS

07/02/2020 (Jun)

4800

0.43

3000

eur/usd nfp

Source: FlowBank / TradingView (August 7, 2020)

The May Report

DATE

ACTUAL

DEV

CONS

06/05/2020 (May)

2699 

15.14

-8000

 

eur/usd non farm payrolls

Source: FlowBank / TradingView (August 7, 2020)

The April report

DATE

ACTUAL

DEV

CONS

05/08/2020 (Apr)

-20787 

5.63

-22000

eurusd chart nfp

Source: FlowBank / TradingView (August 7, 2020)

 

Read our next article: US jobs report & summer recess

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