EUR/USD today: the market expects data on employment in the US
After yesterday’s decline in the pair EUR/USD on the comments of the head of the ECB, the euro remains under pressure. At the same time, the main reason for the reduction in the positions on the euro was the expectation of upcoming data on employment in the US, on the eve of which investors prefer to take a waiting attitude.
Events for today:
- 15:30 – the US employment report: the average hourly wage in the US (m/m), the change in the number of non-farm workers in the US, the proportion of the economically active population in the US, the change in the number of people in the private non-agricultural sector of the United States and the unemployment rate in the USA.
- 20:00 – the number of drilling rigs in the US from Baker Hughes.
The market remains focused on employment data in the US, which will set the movement of the American currency and the market as a whole for the coming trading days.
Prior to the release of data on the US, a moderate correction of the EUR/USD pair may be possible after the decline, but it will also be limited to market indecision. The main resistance levels: 1.2350, 1.2400 and 1.2450-60, support: 1.2260-50, 1.2200-10 and 1.2150-70.
Fig. EUR/USD. The current price is 1.2300.
Hanzenko Anton