Outlook in Initial Jobless Claims remains on the downside as long as 316 K level holds , and further decline towards or below 281 K level is expected , However ; we have 3 scenarios for today :
1- Any upside move should be limited by 316 K levels , so any reading within this range , will keep the USD on the upside even in case of a pullback …
2- Any upside move above 316 K levels could bring strong decline for the USD , next level is around 327 K ..
3- Any reading below 281 K will keep the USD very bullish with risk for further upside gains..
It will be published today at 13:30 GMT..