Analysis and forecasts for EUR / USD pair on 08.07.15

FX:EURUSD   Euro / U.S. Dollar
Another day without a decision on the EUR / USD pair. The currency pair moved on Thursday to consolidate between 1.0875 - 1.0940. Although we received today US data on the number of applications for unemployment benefits, but they are secondary data. Certainly I will not be original if you write that about the slaughter, will decide Friday's data from the Labor Department. Investors will pay particular attention to the change in employment in non-agricultural sectors, and on the unemployment rate. Labor Department data are part of the puzzle, which will answer the question about interest rate hikes in 2015. Recent statements by members of the FED does not negate the start of interest rate hikes in September, but comparing the most recent data from the US, it's hard to believe. The fact is that the US economy does well on the background of global economies, however, recent data raise doubts as to the increase in September.

Therefore, on Friday we should see when breaking the current "suspension" and the market should indicate the direction for couples discussed in a broader perspective.
Better-than-expected data will undoubtedly lead to the strengthening of the dollar and in this case, you must reckon with a strong impulse trend. The supply in the first place should lead to minima of the week at the level of 1.0849. The next goal should be to zone extending support levels between 1,0808-31. In the case of defeat last support opens the way to lower price levels, I mean this year's lows at 1.0456.

In the event of receipt of worse data from the Department of Labor, the euro             will have a chance wywindowania course towards recent highs. First, demand should reach toward the 1.0996 level. This level should be defeated and the next natural target remains 1.1080 level and 1.1129 (last week maximum). In a broader term, demand should open the way towards the next level of 1.1215 (maximum of 10 July) and 1.1277 (maximum of 29 June).
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