First time in 3 years, Finally! Good Friday indeed at least in US!

For the 1st time in 3 years, the NFP finally made it back into the positive territory giving policy makers and investors at least some reassurance that the overall economy is on the path to recovery. The dollar were firm across the board with varying intensities across the majors. With US having better data, the policy makers might be pressured to raise rates sooner than the debt stricken euro nation, hence we might see further cap in rallies for the pair for the time being. Technically, the EUR/USD is still kept well within the Bearish trend channel and a bounce off the Upper trend line is clearly seen here. If we do break below 1.3430 area, the prior low of 1.3250 will come into view very soon and to be tested again.