What levels are in play.
As Ryan and BK go “Live”, here are some levels I will be looking at and why.
The EURUSD is below the 100 and 200 hour MA (blue and green lines) but that can change on the event of course. A much weaker report (probably less than 120K – maybe 100K- and a pick up in the unemployment rate) will be the catalysts for a move back higher. We really do not know what will be the tipping point, but there will be a spike. So be careful. I would rather wait for a retracement (or even wait even longer and let the bar room brawl finish).