EURUSD – NFP:Pullback Could be Seen Towards 1.2970 Before New Sell-off

27
1978
EURO-Dollar-min

The EURUSD continued to move downward yesterday, topped at 1.3022 and bottomed at 1.2883 today, focus will be on Non-Farm Payrolls, expectations most likely to be below 163 K, If seen, the EURUSD is likely to strengthen towards 1.2970 levels before new sell-off starts towards 1.2700/1.2650 levels.

On the other hand, If NFP is higher than 163K,  expect the pair to make small gains before falling towards 1.2700/650 levels.

In all as long as 1.3030/1.3150 levels hold, the pair will remain biased to the downside with risk towards 1.2650/700 levels.

 

EURUSD_daily_05_07_2013

MARKET DATA

UPCOMING ECONOMIC EVENTS

27 COMMENTS

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    Each currency pair has its own , move and volatility…
    The value of 13 of %R Williams works well with all currencies and we can use it with EURUSD but the best value for EURUSD is 10 %R , so you may use 10 for EURUSD and 13 for other pairs …

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