The sole news yesterday was not supportive with the ADP report falling short of expectations. Another bad sign, suggesting the possibility of a softer NFP report this coming Friday (tomorrow, right?), so let us be prepare, get your gun straight. I expect the trading range to be confined within 70 pips (1.3400-3470)...We have quite a day today, GDP Annualized (8.30 pm), GDP Deflator Annualized (8.30), Chicago PMI (9.45 pm) and House Price Index (10.00pm).
Pivot Point;
R3 = 1.3491
R2 = 1.3469
R1 = 1.3449
PP = 1.3427
S1 = 1.3407
S2 = 1.3385
S3 = 1.3365
Trading ideas; Buy 1.3385, 1.3410, sell 1.3520, 1.3490
Good luck guys..
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