Today's forecast will be like a groundhog  day or let's try to sound more frenchy, like a deja vu. History always does matter so I'll share a  screenshot from March 9, 2012 and see if history repeats. Previous day March 8, 2012 EURUSD went from 1.3140 to 1.3290 then on next day from 1.3280 Asian high to 1.3100 in mid American session. On same day were  NFP's forecast 209K, actual 227K. Today expectation are 160K, but with 198K ADP and 340K Unemployment Claims (mid 350K) I'm expecting a number above 200K for today.

Let's see..........

Good Luck everybody.

Views: 342

Comment by Georgi Vukov on March 8, 2013 at 8:00am

160 pips from 1.3115 Asian high if NFP number is good, which is around double bottom @ 1.2965 and if this support does not hold at least 60-80 pips more to the down side(1.2900- 1.2880)

Comment by Kobe on March 8, 2013 at 7:41pm

spot on georgi! next year i go all in. lol, great forecast.


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