DislikedMy prediction:
1. NFP comes out as high or higher than expected.
2. US unemployment is only revised upwards slightly to 8.7% or 8.8%
3. Market takes this as risk positive and equity markets rally
4. USD index drops which slightly drives up the Euro (maybe to 1.29)
5. Euro sell limit orders are triggered around 1.2880/1.2900 and we see 1.26 area.
Disclaimer: This is only an opinion based on what I believe may happen. Nobody really knows. I just feel it is a likely scenario.Ignored
Any prices quoted are futures