Sasha Singh
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All Eyes on US Non-Farm Employment Change !!

There is no significant movement in the market today as investors are waiting for the non-farm employment change data. Every currency is steady ahead of the data. EURUSD on the daily char, seems like consolidating within two contracting trend lines and signaling that the pair might break any of the trend lines moving forward to the direction of the breakout. Now what US non-farm payroll data will bring to EURUSD? If the data beats the economist’s expectation for an increase to 216K, US dollar is going to strengthen and EURUSD will break the support trend line to move down, however if the data don’t meet the forecast US dollar is going to weaken and EURUSD is going to move up. Look for the data here.