Following a short-lived recovery, EUR/USD came under renewed pressure and fell to fresh 14-month lows after Draghi’s speech before the Committee on Economic and Monetary Affairs of the European Parliament.

The Non-Farm Payroll report, because of its importance to the reserve currency, tends to move all markets. No trader in the world ignores the "NFP" acronym. Some want to avoid it at all costs, others try and trade the high volatility it produces to make some pips.

Eurodollar has extended the current ascending wave and almost reached its target. We think, today, the price may start forming a reversal structure to continue falling inside the downtrend.