FX.co ★ Trading plan for 08/08/2017

Until the release of US statistics, the day will be calm today. The euro has stabilized so no changes are expected on it, at least until the release of US statistics. The pound is still oversold so that in the first half of the day, the market will eliminate imbalances which will lead to its insignificant growth.

In the afternoon, the JOLTS data on open vacancies in the United states will be released. This is the only news that should be paid attention to. It is expected that the number of vacancies will decrease from 5,666 thousand to 5,660 thousand. Despite the corrective reduction, this will have an impact on the dollar which has recently shown a tendency to decrease.

The EUR/USD currency pair will try to continue the upward movement, pulling us to the values of 1.1850/1.1900. Otherwise, we will see stagnation within the limits of 1.1780/1.1820.

The GBP/USD currency pair is showing an active downward interest and approached the psychological level of 1.3000 where it felt periodic support. It is possible to assume that the pair will form a temporary flat within 1.3000/1.3060 with an attempt to develop the level and send the quotation to the values of 1.3100/1.3150.