{"id":103162,"date":"2017-03-10T04:55:19","date_gmt":"2017-03-10T09:55:19","guid":{"rendered":"http:\/\/countingpips.com\/?p=103162"},"modified":"2017-03-10T04:55:19","modified_gmt":"2017-03-10T09:55:19","slug":"nfp-preview-eurusd-trapped-within-the-rectangle-consolidation","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/03\/nfp-preview-eurusd-trapped-within-the-rectangle-consolidation\/","title":{"rendered":"NFP Preview: EUR\/USD Trapped Within the Rectangle Consolidation"},"content":{"rendered":"<div id=\"inves-1198407616\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 10, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Admiral Markets<\/b><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/fxmedia.s3.amazonaws.com\/articles\/2017-03-10_10-36-43.jpg\"><\/p>\n<p>Total Payrolls showed 227k increase in January that was much higher than the consensus of 190k. The NFP data was the largest in couple of months, reassuring strong US labor market. Additionally we saw unemployment edging up to 4.8 % and the only decrease was in the average hourly earnings annual rate. My expectations from <a href=\"https:\/\/admiralmarkets.com\/analytics\/forex-calendar\" target=\"_blank\">today&#8217;s US data<\/a> are that NFP will come better than expected (210k-215k vs 190k expected) while Unemployment Rate and Average Hourly Earnings will roughly stay the same. But you can never be 100 % sure of data so we need to wait and see.<\/p>\n<p>Technically the rallies on EUR\/USD are still sold into and depending on NFP we might see a fade on rallies close to 1.0675. Currently the pair is trapped within the rectangle range and we can clearly see 3 trend lines that have formed Xcross \u2122 at important levels. Today&#8217;s NFP levels to watch for are: 1.0675 (H5, ATR overshot), 1.0642 (ATR top ), 1.0600 (H3, Xcross \u2122), 1.0572 (ATR, DPP, Xcross \u2122) and 1.0525 (L4, Xcross \u2122). <\/p>\n<p>Follow <a href=\"https:\/\/twitter.com\/TarantulaFX\" target=\"_blank\">@TarantulaFX<\/a> on twitter for latest market updates<\/p>\n<p><\/p>\n<p><b>Article by Admiral Markets<\/b><\/p>\n<p>Source: <a href=\"https:\/\/admiralmarkets.com\/analytics\/technical-analysis\/nfp-preview-eur-usd-trapped-within-the-rectangle-consolidation\" target=\"_blank\">NFP Preview: EUR\/USD Trapped Within the Rectangle Consolidation<\/a><\/p><div id=\"inves-883470903\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<hr style=\"border: 1px dotted #eee;\"><a href=\"http:\/\/www.admiralmarkets.com\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2016\/03\/AdmiralMarkets-sig-1.png\" align=\"left\" height=\"87\" width=\"141\"><\/a><\/p>\n<p style=\"text-align: justify;\">Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Admiral Markets Total Payrolls showed 227k increase in January that was much higher than the consensus of 190k. The NFP data was the largest in couple of months, reassuring strong US labor market. Additionally we saw unemployment edging up to 4.8 % and the only decrease was in the average hourly earnings annual rate. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-103162","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/103162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=103162"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/103162\/revisions"}],"predecessor-version":[{"id":103163,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/103162\/revisions\/103163"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=103162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=103162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=103162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}