US Non Farm Payrolls (For January 2007) How To Trade the Release

What is Expected
Time of release: 8:30 AM EST 13:30 GMT 2/2/2007
Consensus expectation: 150K
Prior reading : 167K
Primary Pair Impact : EURUSD

How To Trade This?
As always, the general rule of thumb in trading event risk is always wait at least 5 minutes before putting the trade on in order to observe if the market price responds to the fundamentals. In the case of the NFPs during the last three months of trading price did show continuation in both directions but the amplitude of the move varied widely with extensions between 20 -80 points by end of day