The deterioration of the situation in the US labor market, unexpected for the traders, provoked a weakening of the Dollar and a sharp increase in volatility. The deteriorating statistics are pushing investors and traders to the conclusion that the US Federal Reserve System (Fed) should start reducing the key rate, which indicates a potential decrease in the yield of the national currency of the United States.

The increase in volatility provoked the development of the scenario we described earlier, in which the Euro began to grow rapidly against the US Dollar. The pair headed towards the upper limit of the range, which is above the $1,0900 mark. Here, a slowdown in the dynamics of price movement is most likely.
It is also worth considering the end of the week. Perhaps we will be able to see the development of the situation only next week.