Yep, I was thinking that with the momentum of yesterday, the euro could get a little higher before the Non Farm, like i wrote in the comment. Also i kept in mind the the main trend is still up looking on H4, and on daily we can say that the brake of the trendline and also the higher high could confirm the up trend. But of course it is dangerous now to go on technical factors...so here would me a stop right under 1.30 - 1.2995...low risk for several pips...going on Elliott.
NFP coming today, if the 114K forecast come then your forecast will be incorrect. I would do the forecast after the number going to come in. Besides I am still worried about spain insisting in not requesting the bailout. some of the bigger firms are shorting spain debt today.
First of all, I am not an expert. I do look at daily charts, correlations and before all to fundamentals. You might be right if the NFP come right I think you might see a higher move but I find hard to believe that traders will come in with much conviction based on the fundamentals. I am conditioned by couple of risk events coming in the near future: greek unemployment, spain GDP and spain 24b debt redemtion. On daily I would see a move lower on daily unless spain accepts the bailout