The market is clearly preparing for tomorrow's publication of the report of the US Department of Labor, and expectations are purely positive. In this regard, the single European currency is unlikely to be able to reverse the current situation, and the greatest thing it can count on is the consolidation at current levels. In Europe, the index of business activity in the service sector should decrease from 56.2 to 55.0, and the composite index from 57.1 to 55.3, which in itself does not add any optimism. The growth rates of producer prices may remain unchanged, then retail sales should slow from 2.3% to 2.1%. In turn, the United States predicts a reduction in the number of applications for unemployment benefits by 12 thousand. True, the number of primary applications should grow by 10 thousand, but the number of repeated declines by 22 thousand.
The euro / dollar currency pair returned to the range of 1.2270 (1.2240 / 1.2270) while maintaining a bearish interest. Probably suppose rapprochement with 1,2240, wherein the case of a stop, we will tighten into consolidation along the value. In the current situation, it is worth considering a clear fixation of the price below 1.2240, before laying further short positions.
