Today's NFP report is crucial for the 2016 year as the jobs report would decide whether FOMC would continue with their plan of interest rate hike further into 2016. Should the jobs number comes out less than expected, there is less than 50% chance FOMC would go ahead with rate hike. With that in place, Euro, Yen, Pound are set to rise from their current lows and might reverse the downtrend.
Euro has crucial support around 1.0850 ans is again set to test 1.1.
Euro crosses against weaker currencies would have more rise and would be the focus.
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