Results of the last trading day EURUSD:
According to the results of last week, the major currencies against the dollar showed mixed performance. The Australian dollar fell 1.50%, the New Zealand dollar - 0.31%, the Canadian dollar - 0.27%, the British pound - to 0.15%. Increasing recorded CHF (+ 0.93%), Japanese Yen (+ 0.68%) and Euros (+ 0.66%).
The high volatility observed in the US session during the release of the US labor market report. The dollar fell as the number of new jobs and the index of average hourly earnings in the United States came out below expectations.
The US economy in November has created 155 thousand new jobs vs. 198 thousand data for October were revised down from 250 thousand to 237 thousand jobs in September -..... From 118 to 119 thousand unemployment rate in October remained. unchanged 3.7%, the average hourly rate - 3.1% (per month + 0.2%).
The euro rose to 1.1409. By the closing trading price of EURUSD dropped to 1.1391.
Planned statistics (GMT +3):
At 10:00 am, Germany is to publish data on changes in the balance of foreign trade in October.
At 12:30 the Eurozone will present indicator of investor confidence from Sentix in December.
At 15:30 in the UK there are data of index of GDP, industrial production, the volume of production in manufacturing and the balance of foreign trade in October.
16:15 Canada announced changes in the number of new foundations bookmarks in November, and at 16:30 - the change of building permits in October.
At 17:00 in the UK will change GDP estimate from NIESR for November.
At 18:00 the US announced a change in the level of vacancies and labor turnover in October.
Fig. 1 MA EURUSD channels 60 minutes
Current Situation EURUSD:
Prior to the NFP report, the pair EUR / USD traded in a sideways trend. Price EURUSD dropped to 1.1360. When they began to know the values of the new jobs in November rate jumped to 1.1416.
On Monday in Asia continued growth of quotations to 1.1436. EURUSD price is at the upper boundary of the rising channel and 67-th degree. Given that today is Monday and Friday, the US dollar weakened throughout the market, then in the afternoon, expect EURUSD corrective movement to the trend line - 1.1405.
At an upper end channel line traced triangular formation. It is a precursor to a sharp drop EURUSD pair. If expectations are confirmed and falling EURUSD at the start of the European session will be faster than the forecast, it is worth as a target for EURUSD to choose 45 degrees. - 1.1390.
Forex rate forecast for the EURUSD today Vladislav Antonov Alpari