Reasoning behind trade #78

I am thinking that the dailys look as if it is moving up again, and the trade was taken near the bottom of today's range. It is also near support on an hourly channel. Although risky b/c Greece etc, and NFP coming, I took the long position earlier @ 1.4315, with a not too big a stop at 1.4257, which is about 20 pips below the rising bottom of the hourly channel.
My thinking is that although the trade is risky, the risk is not too much in terms of pips. Now, many people are expecting NFP tomorrow to be 0 or positive jobs gain, so a dissapointment could further influence fed funds futures, which this week shows traders have lowered the % of chance of rate hikes in June somewhat. So if NFP is dollar negative, the EU could see a good spike. This trade is to position for that today, and see if I am in the money tomorrow before NFP, then would move SL to BE and see if can get a nice one for no risk if this plays out before NFP. At any rate, this is is risky but could be a good one