EUR/USD today: the pair is waiting for data on employment in the US
On Thursday trades closed in a sideways trend, thereby restrainingly correcting after the decline. But the expected correction of the euro did not follow the market’s indecision and optimistic data on the US trade balance.
Events for today:
- At 15:30 – report on employment in the US: the average hourly wage in the US (m/m), the change in the number of workers in the non-agricultural sector of the United States, the proportion of economically active population in the US, the change in the number of people in the private non-agricultural sector of the United States.
- 16:00 – the speech of the President of the Bundesbank Weidmann.
- 20:00 – the number of drilling rigs in the US from Baker Hughes.
The main event of the day is the publication of the report on employment in the US, because of which the dynamics of the market will be restrained.
Yesterday the pair EUR/USD did not develop an upward movement, despite the weakness of the American. Prior to the release of statistics on employment in the US, the pair will continue to trade in the established trading range from 1.1940 to 1.2000. Expectations from employment data remain positive, which will help maintain the downtrend. Support levels: 1.1930-00, 1.1860-50 and 1.1800, resistance: 1.2000, 1.2040-50 and 1.2080-1.2100.
Fig. EUR/USD. The current price is 1.1960.
Hanzenko Anton