EUR/USD today: the pair is pending US data - Ester Holdings

EUR/USD today: the pair is pending US data

On Thursday trades closed with the renewal of the highs by the pair EUR/USD on the sale of the American on the reduction of political risks in the euro area. But this pair failed to consolidate near the highs, which was caused by a correction before the Friday’s report on employment in the US.

Events for today:

  • At 15:30 – a 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 and the unemployment rate in USA.
  • At 16:45 – the index of business activity in the manufacturing sector (PMI) of the United States.
  • At 17:00 – data on the employment index in the manufacturing sector of the US from the ISM and the index of business activity in the manufacturing sector (PMI) of the United States from the ISM.
  • 20:00 – the number of drilling rigs in the US from Baker Hughes, the previous value is 844.

On Friday, the day promises to be full of news, but the market will be focused on the report on employment in the US.

Despite the growth of optimism in the market and the persistence of pessimism about the American, it is necessary to enter transactions with the US currency very carefully, as the market expects data on employment in the US and they will set the sentiments in the market. Therefore today without a forecast.

Levels of resistance: 1.1700-30, 1.1770 and 1.1800-20, support: 1.1660-40, 1.1550-30 and 1.1470.

Fig. EUR/USD H4. Current price – 1.1710


Also, read: “Long-term positions on world indices”

Hanzenko Anton

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