Resistance

The news was weak for US so Euro has shot up as a result. Im just about to leave so very quickly, look at Euro chart above for resistance areas shown by red arrows. These are shorting areas if we get that high.

Have a good weekend everyone.

Swissy

For those swing trading the Swissy, the confirmation has just occured (above) but wait the news before opening your position.

Euro Chart

This is the latest on the Euro chart. Ignore the divergence as the MACD is not complete & we have news due out which can easily overide technicals.

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Have a good day everyone.

Non Farm Data

Morning everyone, expect to see a lot of volatility a little before and certainly after 1.30pm today. The Euro, GBP and CHF has been awaiting this data the last couple of days as you can see from the sideways movement.
I am on a course this afternoon so probably won't be able to update today so what I will say is don't jump into a trade too quickly after the news. Wait for the non directional volatility to subside slightly and let the market take off in a particular direction before openong a position.
Over all, again I will state we are still in a downtrend with the Euro. If we do go up on the Euro today then consider it a shorting opportunity. Don't short too early and after a big move we usually get consolidation before we often get a second leg of the same direction.

Good luck today.