By: Bradley C. Smith
With non-farm employment change looking good for the Dollar, the EUR/USD will likely continue the downward trend. Each indicator being extremely oversold, is a good reminder that price action and world events still need to be taken into account.
The undulations on this pair's three hour chart have only fooled the StochRSI, not the other indicators or anyone looking at the thermonuke about to be dropped at 8:30am est today. The forecast is clearly to one side of the previous release and will likely favor the USD, be ready to lock in profit.
8:30am est USD
Non-Farm Employment Change Forecast 198K Previous 162K
8:30am est USD
Unemployment Rate Forecast 9.7% Previous 9.7%
