US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Friday at 12:30 GMT. NFP only 151K, wages disappoint – USD down Live Blog Indicator Background Job creation is one of the most important leading indicators of overall economic activity. The release of US Non-Farm Employment Change is highly anticipated by the markets, and an unexpected reading can have a strong impact on the direction of EUR/USD. Nonfarm Employment Change dropped to 257 thousand in July, but this easily beat the forecast of 180 thousand. The estimate for the August report stands at 186 thousand. Will the indicator repeat and handily beat the estimate? Sentiment and Levels With the Eurozone stuck in low inflation mode, the ECB is on course to add more easing, while a September rate hike is back on the table in the US. This should push the pair lower. So, the overall sentiment is bearish on EUR/USD towards this release. Technical levels, from top to bottom: 1.1335, 1.1230, 1.1190, 1.1140, 1.1070 and 1.10 5 Scenarios Within expectations: 177K to 183K: In such a scenario, the EUR/USD is likely to rise within range, with a small chance of breaking higher. Above expectations: 184K to 188K: An unexpected higher reading could push the pair below one support line. Well above expectations: Above 189K: Such an outcome could push the pair lower and two or more support lines could fall as a result. Below expectations: 172K to 176K: A weak reading could result in EUR/USD breaking above one resistance line. Well below expectations: Below 172K. A very soft reading could result in the pair breaking above two or more resistance lines. For more about the euro, see the EUR/USD forecast. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Opinions share Read Next US ISM Manufacturing PMI badly misses with 49.4 – USD Yohay Elam 6 years US Nonfarm Employment Change measures the change in the number of newly employed people in the US, excluding workers in the farming industry. A reading which is higher than the market forecast is bullish for the dollar. Here are the details and 5 possible outcomes for EUR/USD. Published on Friday at 12:30 GMT. NFP only 151K, wages disappoint - USD down Live Blog Indicator Background Job creation is one of the most important leading indicators of overall economic activity. The release of US Non-Farm Employment Change is highly anticipated by the markets, and an unexpected reading can have a strong… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.