EUR/USD
Support / Resistance: 0.9690 - 0.9805
Today, at the beginning of the new week, we expect a partial recovery of the Euro, but overall the consolidation around 0.9700 will remain. A slight correction towards 0.9780 is possible, and we will use this moment for a long position.
Today there is no important economic data in the US and Europe.
EUR/USD
Support / Resistance: 0.9665 - 0.9735
EUR/USD started consolidating at 0.9700 levels. For today, the most important event is the Consumer Price Index ex Food & Energy, with inflation expected to reach 6.5% on an annual basis from 6.3% the previous month. Additionally, other key events are the Consumer Price Index and Initial Jobless Claims.
The strategy for today is to trade short and long positions with a small profit following the technical data.
Use the 0.9670/80 level to open long positions with a profit of 30-35 pips.
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EUR/USD
Support/Resistance: 0.9670 - 0.9790
Today, we expect the Euro to maintain its position against the dollar, with possible growth towards 0.9780 levels.
There are two key events for today one is the ECB's President Lagarde speech at 9:30 AM ET and later in the day the FOMC Minutes at 2:00 PM ET.
Both events can significantly affect the market.
For now, the best strategy is to hold long positions during the European session.
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EUR/USD
Support/Resistance: 0.9655 - 0.9745
A slight correction in favor of the dollar is still possible in the early European session. Later, however, we expect many dealers to take profits after Friday's unemployment data, with EUR/USD returning to levels above 0.9760.
There are no key fundamentals today, though, with a look at the 8:45 AM ET ECB's Lane speech.
Although the downtrend is likely to continue in the coming days, we expect more frequent upward corrections in the EUR/USD trade.
EUR/USD
Support/Resistance: 0.9690 - 0.9755
Today we expect the dollar to continue to strengthen after Friday's good US unemployment data.
Today is an official holiday with the USA - Columbus Day. We expect less activity in the forex market today. There are no important fundamentals to drive the market.
The strategy today is to hold short positions, or open short positions, during the correction moments of the market upwards around 0.9745-55 with a target of levels around 0.9700 and slightly down.
EUR/USD
Support/Resistance: 0.9710 - 0.9855
In the European session, the dollar will continue to strengthen, expecting a change at the beginning of the American session or shortly before its beginning, where the dollar will start to give way to the Euro.
Among the important events today are Nonfarm Payrolls(Sep) at 8:30 AM ET, with the US economy expected to add about 250K new jobs compared to 315K the previous week. At the same time, we will also know the official unemployment rate, which is expected to be 3.7% unchanged from the previous month.
John C. Williams is the president of the Federal Reserve Bank of New York is expected to speak at 10:00 AM ET.
