Chart courtesy of eSignal

Well, the Non-Farm Payroll numbers blew away consensus. February's numbers were even revised upward, but because of the light volume on Friday explosive volatility was concentrated just to the majors. The EUR/USD has returned a strong support area at 1.3370, which is the Dec 4 swing high and 38.2% retracement level of the Mar 4 to Apr 5 rally.

JPY/USD should offer some interesting action. Currently the pair at the 61.8% retracement level of the Jan 29 - Mar 5 move. Any break fo this level should see the pair revisit the 120.00 level soon.

Happy Trading!!

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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What time is it? Now
Where am I? Here

Now I am ready to open up my charts!

Happy Trading!!

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Happy Trading!!

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