Quotes on the EURUSD forex trading on Friday fell against the dollar strengthening US leaders before the meeting and China at the summit of the G20, where they discussed trade relations between the two largest world economies. Friday's data for the euro area were worse than predicted values. Unemployment rate in October was 8.1% when the forecasted value of 8%. The consumer price index increased by 2% year on year with growth forecast at 2.1%. Baseline Value CPI increased by 1%, the projected growth of 1.1%.
EURUSD Technical Analysis and Forecast: euro dollar pair quotes have tried to get to the level of 1.1300, and the price closed the week trading close to that level. It is likely today, euro traders will again try to test support , in case of a successful breakout and consolidation below bears, depreciation of the euro will continue to the level of 1.1270, and the opportunity to continue to - 1.1230. If the European currency buyers will be able to overcome the resistance of 1.1360, EURUSD rate may return to the level of 1.1400.
Based on materials WELTRADE