The euro dollar forex trading on Wednesday continued its downward trend. Pressure on the currency of the Old World has a concern about political stability in Germany and Italy, with the budget deficit. Released on the eve of US employment data were better than predicted values, which supported the dollar. According to the ADP employment in October increased by 227 thousand. With growth forecast at 189 thousand. The unemployment rate in the eurozone in September was 8.1%, which corresponds to the forecast. The consumer price index increased by 2.2%, and the base value of the index - by 1.1%, with growth forecast at 2.2% and 1% respectively.
Technical analysis and forecast for EURUSD today 11.01.2018. Currency pair EUR \ USD tried to test the support at 1.1300, while the euro sellers failed. And the EURUSD pair is trading near. If EURUSD sellers can overcome and to gain a foothold below, it will enable the euro to go to the target at 1.1230. If buyers return the pair above 1.1360 likely to increase EURUSD to 1.1440.
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