EUR/USD today: the pair is waiting for employment data in the US

The trades on the EUR/USD pair passed in the lateral range from 1.1650 to 1.1600 on Thursday, which was due to the reduced activity and correction of the positions before the publication of an employment data in the US.

Events for today:

• 12:00 –  data on the GDP of the eurozone.
• 15:30 –  employment report in the US: average hourly earnings (m / m) (Aug), average hourly earnings (compared to the same period last year) (y / y) (Aug), nonfarm payrolls (Aug), participation rate (Aug), private nonfarm payrolls (Aug) and the unemployment rate (Aug).
• 20:00 – number of oil rigs from Baker Hughes in the US.

Despite the richness of the economic calendar, the main event of the week will be the publication of an employment report in the United States. At the same time, due to the expectation of this event, activity in the market will remain lower.

The EUR/USD remains in flat, limited to the trading range: from 1.1650-70 to 1.1600. Probably, this range will remain until the release of data for the United States, but also expect growth in activity on the publication of  GDP data in the euro area. Support levels are the marks: 1.1600, 1.1550 and 1.1500, resistance: 1.1650-80, 1.1720 and 1.1780.

Read also: “MAIN FIGURES FOR EARNINGS IN THE FINANCIAL MARKETS”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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