Friday, September 07, 2007

NFP Tonight!

Non-farm payrolls will be released tonite. If the figure proves to be disappointing, watch out for the next level of resistance at 1.3750, which could be the euro's next bullish target. On the contrary, euro could plummet down towards support at 1.3565. Good luck guys and happy weekend!

Today's Pivot Points:
R2 = 1.3753
R1 = 1.3722
PP = 1.3678
S1 = 1.3647
S2 = 1.3603

Today's Calendar:
1- NFP 8.30 pm

Today's Strategy:
1-Below 100k NFP --> 1.3690 - 1.3750 (upside range)
2-Above 100k NFP --> 1.3665 - 1.3535 (downside range)

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