I am thinking that the NFP will be neutral or good and the result will be that EU will spike upward.
I would expect that it would go at least to the range that I would expect it to go to anyway, which is 1.3320-1.3350, with a possibility of extending to 1.4000 depending on just how good the NFP is.
Following that I would expect the pair to drop back down to 1.3200 with a view to its continuing down afterward.
I would notl put a pending trade in ahead of time but wait for the first 15 minutes in order for things to settle down.
I would expect that it would go at least to the range that I would expect it to go to anyway, which is 1.3320-1.3350, with a possibility of extending to 1.4000 depending on just how good the NFP is.
Following that I would expect the pair to drop back down to 1.3200 with a view to its continuing down afterward.
I would notl put a pending trade in ahead of time but wait for the first 15 minutes in order for things to settle down.