EURUSD

We will complete the week. The main focus of global markets will be on Nonfarm Payrolls, Unemployment Rate and Average Hourly Earnings/Income data. These data are of critical importance in order to predict possible actions of the US Federal Reserve (Fed) regarding monetary policy. In addition, the instant effects of this news flow on asset prices are also on the main agenda of those who trade in financial markets, so their importance increases. For this reason, we should closely examine the results of critical US data. The daily gain for the parity, which closed at 1.0822 on the previous trading day, was 0.09%. The RSI indicator for the parity, which is above its 20-day moving average, is at 58.44, while its momentum is at 100.73. The 1.0813 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.0803 and 1.0797 may become important. In possible increases, the resistance levels of 1.0835 and 1.0845 will be followed. Support: 1.0813 – 1.0803 Resistance: 1.0835 – 1.0845