EURUSD Forecast Ahead of U.S Nonfarm Payrolls (Mar) !

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USA Nonfarm payrolls min
USA Nonfarm payrolls min

Nonfarm 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.

Frequency: Released monthly, usually on the first Friday after the month ends.

Time: It will be published tomorrow Friday, Apr 03 2015  at 12:30 GMT.

Volatility: High

Previous: 295 K

Forecast: 245 K 

Actual:???

Outlook in U.S Nonfarm Payrolls indicator remains on the upside as long as 180 K support holds, short term support comes around 239 K, while resistance comes at 295 K ahead of 329 K / 353 K. Break of 353 K would open 433 K levels ……..

U_S Nonfarm Payrolls (Mar)

Market Impact on US Dollar : 

1- A reading within 239 K: 295 K range will bring light bullish move for US Dollar ….or sideways move with bullish bias …

2- A reading within 295 K: 353 K will bring bullish move for US Dollar…

3- A reading above 353 K will bring strong bullish move for US Dollar …

4- A reading within 239 K: 180 K will bring light bearish move for US Dollar…

5- A reading below 180 K will bring strong bearish move for US Dollar…

Market Impact on EURUSD :
Technical View: According to the daily time frame. The pair is neutral, trapped within 1.0766/1.0970 range, a sustained breakout above the 1.0970 levels will open 1.1182 levels. While a clear break below the 1.0766 levels will restore the downside momentum and open 1.0580/1.0461 levels…
Intraday support and resistance levels: 1.0542/1.0615/1.0665/1.0770/1.0843 /1.0905/1.0960/1.1051/1.1113
We have 5 scenarios for EURUSD :

1- A reading within 239 K: 295 K range will bring light bearish move for EURUSD, 1 support level could be tested (broken). Or sideways move within support and resistance range could be seen …

2- A reading within 295 K: 353 K will bring bearish move for EURUSD, 2 support level(s) could be tested (broken).

3- A reading above 353 K will bring strong bearish move for EURUSD, 3 support level(s) could be tested (broken).

4- A reading within 239 K: 180 K will bring bullish move for EURUSD, 1 or 2 resistance level(s) could be tested or broken…

5- A reading below 180 K will bring strong bullish move for EURUSD, 2 or 3 resistance level(s) could be tested or broken…

You may follow this event live here: http://www.askhaitham653.com/live-calendar/

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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