FX.co ★ Global macro overview for 01/12/2015

Global macro overview for 01/12/2015:

The important news regarding the employment in Germany has been released this morning. The German job numbers were better than expected as unemployment change declined by 13,000, and the unemployment rate edged lower to 6.3%. Please keep in mind that it might be very volatile week for the euro as the ECB news event on Thursday might deliver more details about an anticipated monetary measures at its December meeting.

The EUR/USD pair initially rose sharply to the level of 1.0619, but was capped by a strong technical resistance and currently is trading in the middle of the range. The next support is seen at the level of 1.0565.