FX.co ★ berta.hill | EUR/USD

Good day, fellow speculators! Today we have a crucial day for the EUR/USD pair, in just an hour a set of strong data from the States will be released, undoubtedly leading to increased market volatility. GDP and unemployment. Based on the first piece of news, it can be forecasted that the actual result will exceed the forecasts, as GDP has been consistently above the 3% mark for six months in a row, and it is quite possible that this month will be no exception. If this is indeed the case, the dollar may strengthen its position against the euro. Currently, the pair has hit a strong resistance level at 1.0730. As I mentioned before, this level is crucial, and if the pair manages to rise above it, we will ultimately see a reversal of the medium-term trend and head towards reclaiming debts at 1.0850. However, as we all understand, a good driver is needed for this, and it will soon be presented to us. So, let's stock up on popcorn and wait for further developments. I won't give trading advice today, as everyone is mature enough to make decisions and take responsibility for them independently.