FX.co ★ Breaking forecast 12/07/2017

Breaking forecast 12/07/2017

EURUSD: Sell on rebound

A strong report on employment in the US for November moved the dollar upward.

On Wednesday, a report on employment in the US for November from a private company ADP - an employment increase of +190, 000 (official report will be released tomorrow 12/08/2017)

These are strong data, although below the upper bound of forecasts.

Euro broke through at least 1.1799 and is ready to move down.

Sell from 1.1799 with the target of 1.1610, the stop-loss is 1.1845.

Reserve option: purchase for a breakthrough of 1.1880 upward.

More information: /en/analysis/195321