Quiet start to EURUSD trading, but with expectations for strong reversals today


Trading on the forex market in the Asian session started calmly, but by the end of the day, important events are expected that will move the trade significantly.
Among the events you should pay attention to are the Fed’s Chair Powell speech at 6 pm, and an hour before that the ISM Manufacturing PMI(Sep) as well as the ISM Manufacturing Employment Index(Sep).
The week will be dominated by expected unemployment and job creation data in the United States Friday.
Talks in favor of another rate hike in the US helped the dollar reach levels below 1.05 (EURUSD).
Now, however, the probability of continued growth of the dollar is smaller. Forex-Strategy experts expect the dollar to lose some of its strength from recent weeks and move to levels from EURUSD to 1.07.

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