Choppy Market

The EUR/USD pair barely noticed US data yesterday. Two down daily closes suggest another test of support. A break of 1.3050 could send the pair into freefall. Current bias is down, but the US non farm data is due at 13:30 GMT. The consensus is for a substantial drop. That is based on the ADP report released earlier this week. But don't be surprised to see something completely different. In any event, the lack of a current trend  will have us trading the news today.