EUR/USD, Forecasts Makin' it Fall

By: Bradley C. Smith

            The strong forecast favoring the USD with employment change and the likely lack of enough unemployment rate change to counter that, will allow the Non-Farm Employment Change to take the EUR/USD any way direction it would like today. Each technical indicator is sitting relatively close to it's centerline waiting for directions.

            The three hour chart's upward movement could easily change. The Forecast is large enough that even if it is off by a few thousand it will surely be above the previous number and change the recent upward trend of this pair, at least for today.


7:30am est USD


Non-Farm Employment Change                        Forecast 185K                         Previous -36K



7:30am est USD


Unemployment Rate                                         Forecast 9.7%                         Previous 9.7%


image