EURUSD around 1.3900 ahead of US Nonfarm Payrolls !

EURO-Dollar-min

The US Non-farm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity, Released monthly, usually on the first Friday after the month ends. Last month declined to 113 K , this month is expected to rise to 150 K . It will be published today at 13:30 GMT .

How the US Non-farm Payrolls would affect the EURUSD today !!!

Before we start let’s highlight support and resistance levels:

1.6393 , 1.3720 , 1.3775 , 1.3830 , 1.3930 , 1.4000 , 1.4088 , 1.4170

  • A reading between 100 K – 150 K will bring a sideways move within 1.3775 -1.4000 range.
  • A reading between 150 K – 200 K will bring a decline towards the  1.3775  , a breach is likely to the 1.3700 levels .
  • A reading above 200 K ( unexpected ) will bring strong bearish move to the 1.3700 levels , a breach is likely to the 1.3600 levels.
  • A reading  below 100 K ( unexpected ) will challenge 1.4000 levels , a breach is likely towards the 1.4088 levels and possible 1.4170 levels.

You may follow this event live here : US Nonfarm Payrolls

 Live chart of EURUSD 



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