By: Bradley C. Smith
Each technical indicator on the EUR/USD'S daily chart will be denied a touch of it's centerline today if the forecast due at 7:15am est is correct in favoring the Dollar. The long trip down for this pair may not enjoy a retracement with this heavy news coming out today.
The three hour EUR/USD chart shows no sympathy for the Euro between yesterday and today's Dollar forecast. You can get in now and hope to enjoy a number that benefits the USD side of the pair or keep a tight stop-loss when the number hits hard at 7:15am est.
7:15am est USD
ADP Non-Farm Employment Change Forecast 40K Previous -20K
