Results of the last trading day EUR / USD:
On Friday, June 7, the euro trades in the growth of EUR / USD. The euro rose to 1.1348 against the general weakening of the US currency after the release of US labor market report.
The number of jobs in the US economy has increased by 75 thousand in May., While expected to grow by 185 thousand. The data showed employment growth slowing in May. The figure for the previous two months was reduced by 75 thousand. The unemployment rate was 3.6% vs. 3.6% expected. The level of participation of the labor force - 6.8% against the previous level of 62.8%. Wages increased less than expected. These efforts on the assumption that the Fed will lower rates.
Planned statistics (GMT + 3):
At 15:15 Canada will announce the change in the number of new foundations bookmarks in May, at 15:30 inform of change in the volume of building permits issued in April.
At 16:00 UK will release data on the change in GDP from NIESR for May.
At 17:00 in the US will report on the level of vacancies and labor turnover from the Bureau of Labor Statistics for April.
The current situation is EUR / USD:
After the meeting, the ECB and the euro peyrolsa significantly strengthened its position against the US dollar. At the time of writing, the euro is worth 1.1304 review. Today, the economic calendar is empty for the single currency. According to the forecast EUR / USD should be considered reduction to 1.1275 without kickbacks. We stayed at a different price models.
Rollback of almost 45 degrees. It coincides with the trend line. Support is serious, then, on purchases EUR / USD rebound should be expected the price up. Classic technical analysis because it teaches. After the restoration of 1.1320 waiting for the breakdown of the trend line and reduce pair EUR / USD up to 1.1290. At the moment EUR / USD could hit the bottom of the channel line (dotted line).
Forecast EUR / USD today Alpari