Can 0.98800 hold in the EURUSD?

Waiting to see if the sellers step aside now from the 0.98800 level or whether they fight to keep it during today's NY session.
FOMC raised by 75bps but NFP came in strong. Was the rate hike enough to kill job growth? GDP is being revised higher by the Atlanta Fed too.
Powell will want to see some demand destruction before easing off the rate hikes. US dollar has done well so far.

Komentarz:

Sellers clearly stepped aside. We'll have to come back next week and see where they go next. Clearly, the NFP number was higher than expected, the previous month was revised as higher. Atlanta Fed GDPNow estimate is moving towards 4%. Make it harder for the Fed to pivot. The increase in wages and the slight increase in Unemployment muddies the waters.
Always trying to close out for a Friday and will come back with fresh eyes after the weekend.

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