A squawk by AlanCollins on tradingfloor.com

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Trading the nonfarm payrolls: Lambert

Clive Lambert of FuturesTechs explains which key forex levels he is watching when US employment data is released later on Friday, including EURUSD, GBPUSD and USDCAD.

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Squawk / 26 May 2016 at 5:50 GMT

AlanCollins

Partner at 3 C ANALYSIS / 3cAnalysis

United Kingdom

EURUSD - Temporary bounce incomplete?
Although the background remains dominated by a bearish Falling Three pattern there was limited movement in EURUSD Wednesday. The downside stalled at similar levels to the previous day (above the 200 day line but below the 100 day avg) but was unable to attract significant profit taking. This emphasises the underlying tone but in the immediate term Asian demand has built upon the limited profit taking and is likely to extend in Europe.
There is scope to 1.1201, 1.1228 and 1.1246 and only below this week's low renews negative sentiment.

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