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EUR/USD Forecast: US employment data up next

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The EUR/USD pair finally halted its post-ECB rally at 1.0980, having advanced a whopping 480 pips ever since the event started. The pair retreated some 100 pips during the Asian session, and consolidates around the 38.2% retracement of these last two months decline, ahead of the release of the US Nonfarm Payroll report. The country is expected to have added 200K new jobs in November, a good number, but below October shockingly positive 271K. The unemployment rate is expected to hold at 5%.

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