Euro continues to strengthen slightly against the US dollar . To date, the pair is trading near the 1.0930, if the level is broken, the next target will be 1.0945. Today, a rise in may occur with the opening of the US market, when unemployment claims and orders for durable goods will be published. According to preliminary estimates, the first indicator will drop to 255 thousand, while the second one will increase by 0.1%.
If the data come out better than the forecast, then we should expect the growth of the US currency as good statistics will be the signal for the Fed to increase the interest rate. According to preliminary estimates, the probability of changes in at the November meeting does not exceed 50%.
Support and resistance
The nearest is 1.0930.
The level of support is 1.0911.
Long positions can be opened at level of 1.0930 with stop-losses around 1.0911 and targets at 1.0945.