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Business / Finance

Dollar misses a chance to restore

MQL5: Blogs Traders 05.02.2019 at 11:24

Blogs traders and analyst of financial markets

EUR/USD

Friday report on the labor market in the US is pretty positive. The number of new jobs were at the level of 304K versus the forecast of 165K. However, average wage growth, as expected, has slowed, while unemployment rose to 4.0 percent from 3.9 percent in December. Despite these mixed data, grinbek made another attempt to regain lost advantage. Thus, the Euro/dollar failed to consolidate above the important level of 1.1500, and at the moment ready to test support in the form of lines at 1.1400 on the daily timeframe. If the Euro sellers manage to go below the mentioned support, waiting for the price of 1.1300-1.1280. But the end will allow to count on the repeated approach to 1.1500. Technically the pair is in a prolonged and narrow sideways for several months. And the longer eur/usd in a channel, the more intense will be the movement which will follow the breakdown. Of Foundation now waiting for the publication of index of business activity in the non-manufacturing sector (PMI)