Undoubtedly, all traders are expecting for a good data about the labor market of America, which will be pre-published today by the ADP agency, and already on Friday we will see the official data. Of course the latest news from the United States may be disappointed, and against this background currency pair has reached the resistance level of 1.1300. And also we somehow partially forgot about Greece, however, from the recent comments we know that the government of Greece is going to provide a plan to resolve the situation until the end of the current month. Well, as they say, "Wait - and we'll see." And for today, there will be of the most important data from ADP, then Ms. Yellen is scheduled to speak. Be careful, as there may be increased volatility.
The currency pair is being reconstructed on a downward trend, and it forecasts a continuation of reducing movement within the corridor. Sales should be considered below the resistance level of 1.1210 with the targets 1.1160; 1.1130; 1.1090. If we will able to see a consolidation above the resistance of 1.1210, so it is possible an upward movement to the next resistance levels of 1.1250; 1.1300.
The currency pair is being reconstructed on a downward trend, and it forecasts a continuation of reducing movement within the corridor. Sales should be considered below the resistance level of 1.1210 with the targets 1.1160; 1.1130; 1.1090. If we will able to see a consolidation above the resistance of 1.1210, so it is possible an upward movement to the next resistance levels of 1.1250; 1.1300.
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