FX:EURUSD   Euro / U.S. Dollar
66 0 5
Current trend

Today the pair is growing amid some weakening in the US Dollar             that remains under pressure prior to the Fed Interest Rate Decision. According to forecasts, the rate will remain unchanged at 0.5% due to the publication of very weak data on the US labour market. Just to remind, the Nonfarm Payrolls came out at 38 thousands that was significantly worse than the forecasts.

At the same time, the Unemployment Rate fell to 4.7%, which signals that in the medium-term inflation is likely to accelerate and that would lead to tightening in monetary policy .

Support and resistance


On the hourly chart, the pair is trading in a narrow sideways channel between the levels of 1.1237 and 1.1189.
The RSI does not give a clear trading signal.

The nearest support levels is at 1.1189.
The nearest resistance level is at 1.1237.

Trading tips

Long positions can be opened from the level of 1.1240 with the target at 1.1303 and stop-loss at 1.1189.
More analytic from LiteForex:
English https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out