As every forex trader must know, the first week of every month holds the best opportunities for high profits. The reason for that is the U.S. Non-Farm Payrolls report, which is released at the first Friday of every month.
Over the last few months, the deteriorating labor market in the U.S. has finally begun stabilizing. For the month of March, payrolls actually increased. The current expectations are for unemployment condition in the U.S. to continue to recover during April, and economists forecast that payrolls grew by 197,000.

This means that there are two logical outcomes to the release on Friday. If the end result will beat expectations, the Dollar is likely to continue to strengthen against all the majors. However, if the real result will fail to reach expectations, we might witness a technical correction. The recent bullish trend of the Dollar also means that a technical correction is due in just a matter of time, and what better time for that then a disappointing Non-Farm Payrolls report?