EUR/USD today: the market is waiting for the US employment data - Ester Holdings

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

As a result of trading on Thursday, the EUR/USD pair has updated a high of 1.1310. The euro was supported by the ECB’s rhetoric, which turned out to be less dovish than expected. But, despite significant growth, this pair did not develop an upward trend, continuing to form a sideways trend. This is due to the persistence of uncertainty around upcoming US data and the persistence of trading risks.

Events for today:

  • 15:30 – an employment data in the USA will be released: average hourly earnings (compared to the same period last year) (y/y) (May), average hourly earnings (m/m) (May), nonfarm payrolls (May), share of economically active population (May), private nonfarm payrolls (May) and unemployment rate (May).
  • 20:00 – Announce the number of Baker Hughes rigs in the United States.

The main event of the day is waiting for the publication of data on employment in the United States.

In the conditions of waiting for the data on the labor market in the US, a moderate correctional movement in the trading range from 1.1230-00 to 1.1270-90 is expected from the EUR/USD pair. It will continue to shape the lateral dynamics and will continue to restrict itself to a moderate correction against yesterday’s growth. The further dynamics of this pair, the US dollar and the market as a whole will largely depend on the US employment report. Significant resistance levels: 1.1290, 1.1320 and 1.1350, support: 1.1200, 1.1180 and 1.1150.


Read also: “An engulfing strategy. A trend reversal”

Hanzenko Anton


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