An overview of the
currency markets by 
Hello.
With the NFP coming out, we’ve got to really be on our “A” game.
First, the general consensus is that the numbers are going to be bad - but how bad will they be? Even with the holiday hype late last year, analysts are still favoring a massive cut in employment for the month.
Technically speaking, we need to look at the longer term and hourly charts. Looking at the attached chart, I drew in a trendline but the main line to be watched is the black line. We’re still waiting to see if that was indeed a top to the retracement.
As with all NFP’s, be sure to use your money management, put your stops in and watch your trades. We will hopefully get a better overall picture of the pair after the announcement. Until the announcement, do your research, get your trading plan together and get some rest so you’ll be ready. Good luck.
