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

Friday trades remain quite restrained and aimed at correcting positions on the US dollar. The dynamics of the EUR/USD pair is not an exception also and is trading downward at the start of the day on the dollar correction and the growth of optimism about Brexit, that also supports the euro.

• 15:30 – employment report in the United States.
• 20:00 – number of Baker Hughes rigs in the United States.

After the publication of preliminary employment data, optimism regarding the US NFP report has grown significantly. The market is more inclined to increase employment in the United States. But at the same time the market prefers to take a waiting position.

The EUR/USD pair is trading lower on the correction against Thursday, limited to the trading range from 1.1520-30 to 1.1470-50. This range is likely to continue until US data is released. Significant support levels for today: 1.1450, 1.1400-1.1380 and 1.1360-50. The resistance is the marks: 1.1580-1.1600 and 1.1630-50.

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Hanzenko Anton

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

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