Charts courtesy of eSignal
Are you ready to rumble?
Tomorrow's Non-Farm Payroll report looks like it is going to have some extra juice since the U.S. and European equity markets are going to be closed for the Good Friday holiday. The Euro saw positive price action today with the continued hawkish stance by the ECB.
Key Technical Levels to look at:
EURUSD closed above the 1.3411 resistance level setting up a run at the 1.3472 Fibonnacci expansion level at the top of our channel for dollar negative payroll numbers or return to the trendline for positive data.
The real test will come from the revision figures which could provide the fuel to challenge our support and resistance levels. Either way it looks like this is going to be a volatile report which means .... opportunity!
Happy Trading!!
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