non farm

The Eurodollar has retreated slightly from highs it achieved earlier this week. Currently, it is knocking about 99.815, the lower bound of this newly established price range. At this point it could bounce and test the upper bound again, or break lower and test 99.800, a level it has very much respected in the past. The Kovach OBV has dropped off, suggesting that the longer the Eurodollar spends at these levels, the more inclined it will be to test lower levels.

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