USD is currently consolidating ahead of Non Farm Payroll which is out at 12:30PM(GMT). The pair has currently found some support at 1.3100 level and is likely to test it again.
Strategy:
Due to May Day holiday in the UK, I would expect lack of liquidity in market and especially ahead of the NFP traders have taken their money off the table. Hence one must expect extreme volatility. If NFP news are positive then i would expect the pair to break 1.31000 level and test 1.3040 and then 1.3000 level.
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