Current trend
Euro is trading near the resistance level of 1/8 Murrey or 1.0681. The level of support is 1.0636. EUR remains under pressure, and one of the reasons for it is positive statistics from the USA. According to an ADP report on the employment rate in the country, the indicator rose to 263 thousand against 245 thousand.
As a result of a FOMC meeting the majority of participants voted for the reduction of balance sheet assets the current volume of which is $4.5 trln. According to FOMC experts, the US economy will continue to gradually recover, and the rate will also be increased.
The data on changes in nonfarm payrolls in the USA is due tomorrow. If the indicator is better than outlooks and exceeds the level of 235 thousand, further fall of EUR may be expected.
Support and resistance
Stochastic is at the level of 69 points and gives no clear signals for opening market positions.
Support levels: 1.0636, 1.0600, 1.0540.
Resistance levels: 1.0680, 1.0742, 1.0803, 1.0864.
Euro is trading near the resistance level of 1/8 Murrey or 1.0681. The level of support is 1.0636. EUR remains under pressure, and one of the reasons for it is positive statistics from the USA. According to an ADP report on the employment rate in the country, the indicator rose to 263 thousand against 245 thousand.
As a result of a FOMC meeting the majority of participants voted for the reduction of balance sheet assets the current volume of which is $4.5 trln. According to FOMC experts, the US economy will continue to gradually recover, and the rate will also be increased.
The data on changes in nonfarm payrolls in the USA is due tomorrow. If the indicator is better than outlooks and exceeds the level of 235 thousand, further fall of EUR may be expected.
Support and resistance
Stochastic is at the level of 69 points and gives no clear signals for opening market positions.
Support levels: 1.0636, 1.0600, 1.0540.
Resistance levels: 1.0680, 1.0742, 1.0803, 1.0864.