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Main » 2018 » November » 3 » EUR / USD forex forecast pair euro dollar today 05.11.2018: Euro loses ground
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EUR / USD forex forecast pair euro dollar today 05.11.2018: Euro loses ground

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Quotes EURUSD pair fell in trading forex on Friday, after the rapid appreciation of the euro at auction on Thursday, the pair decline has occurred against the greenback after the release of positive growth in the US employment data. The number of new jobs created outside the agricultural sector in October amounted to 246 thousand. At the forecast 183 thousand. The unemployment rate was 3.7%, which corresponds to the forecast. The average hourly wage increased by 0.2% in October and by 3.1% year on year (in the forecast). The volume of industrial orders rose by 0.7% with growth forecast at 0.5%. Eurozone business activity index in the manufacturing sector was presented. In October, the index value decreased to 52, with the forecasted value of 52.1. 

 

 

 

 

Euro \ dollar technical outlook EURUSD today 05/11/2018: Buyers EUR / USD pair failed to consolidate above the resistance at around 1.1440, and quotes turned on the decline. The immediate support for the pair euro dollar was formed at the level of 1.1360, which is the euro sellers were trying to test. EURUSD trades Friday closed at 1.1387. If the euro sellers overcome the 1.1360 support is likely to continue reduction of quotations to the level of 1.1300. In case of successful price fixing EURUSD above 1.1440 is likely followed by a continuation of the upward trend to the target 1.1530. 

 

 

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