Euro pairs have been the centre of attention today ahead of US jobs data
Further to my earlier post where I suggested that large option expiries at 1.0950 would be defended we've been no lower than 1.0952 as we see a bit of euro demand return elsewhere.
Equities have trimmed early losses and oil has made a few gains adding to the general euro dip-demand ( EURJPY and EURGBP both off their lows too ) but that can all change at 12.30 GMT with the release of the latest US jobs data.
Expectations of 190k but as Ryan points out in his preview there is risk that the data might disappoint including the wages element which is an area of discussion covered by Adam here
As always trade on what comes out, not the conjecture, and beware/take advantage of the robots which will invariably initially run on the headlines.
USDJPY has 112.00-113.00 as the immediate range. EURUSD 1.0900-1.1000 ( option related so be careful after 14.00 GMT). GBPUSD 1.2880-1.2980 should cover it with large sell interest at 1.3000 and decent buy interest at 1.2850
Lots going on elsewhere around the world to consider right now so beware the hype and just focus on the fact. Lotsd of traders/commentators out there trying to make sense/predict the big picture but there's plenty of pips to had right under your nose still.
Good trading everyone and remember,
