The euro is stable. Data on employment in the euro area

The single currency maintains its positions against the US dollar due to the positive employment data in the Eurozone.

• According to published data, the change in employment in the third quarter was 0.4%, exceeding the forecast at 0.3%. On an annualized basis, the growth rate was 1.7%, exceeding the previous value of 1.6%.

Also, the EUR/USD movement is affected by the expectation of the results of the December meeting of the Fed, which is expected to increase the interest rate. See Market Focus.

Technical analysis: The pair EUR/USD keeps a downward trend in the short term. One should consider the main support levels at 1,1715; 1.1690. Resistance levels are considered at 1,1,800; 1.1830.

Fig. EUR/USD. The current price is $ 1.1748.

Alexander Sivtsov