The EUR/USD exchange rate is under strong pressure from sellers. However, although it is clamped in a narrow corridor around 1.1100, the growth trend still has not been canceled.
Today, January 10, 2020, at 14:30 London time, report on the employment (nonfarm) for December in the United States will be released.
It is forecasted to increase by 155 K. Meanwhile, forecast for the unemployment rate is 3.5%.
Many experts believe that strong data will strengthen the dollar. I agree with this, but only if we see data from +200 K and higher. Otherwise, I would not rule out the possibility of a sharp reversal of the euro upwards.
Purchases are possible on both at the breakout of 1.1205 up, and from 1.1100 with a stop of 1.1060.
There are possible sales from 1.1065.
