Trading plan for 01/02/2018

Today, the final data on the euro area is coming out, and they should coincide with the preliminary estimate, which showed a decline in the index from 60.6 to 59.6. In general, this alignment is already taken into account by the market, and it will not have a significant impact. Although a similar index can grow from 56.3 to 56.5 in the UK Closer to the evening, there will be data on the number of applications for unemployment benefits in the US, which will precede tomorrow's data on the labor market. is expected that the number of initial applications will increase from 233,000 to 238,000 and the number of repeated applications will decrease from 1,937,000 to 1,928,000. The total number of applications may decrease by 4,000.

With the formation of a corrective movement, the EUR/USD currency pair felt the support near the periodic level of 1.2350, where it managed to roll back. Probably, the bears will try to get closer to the value of 1.2350 but expect another stagnation after.

The GBP/USD currency pair, after an active downward move, felt a support near the psychological level of 1.4000, returning the quote to the value of 1.42000. It is likely that the downward sentiment will continue, where the bears will try to resume the move, while the fluctuation is under consideration at 1.4120 / 1.4200.