What do you think about it?
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Positive data on the German labor market, that was released today at 11:00 (GMT + 3), gave intraday support to the euro. The unemployment rate in May fell to 5.2% from 5.3% in April. At the moment, EURUSD is trading at 1.1609. I believe that the price range for today is limited by the following levels of support and resistance within the timeframes H1 and M30: R1 (resistance 1) - 1.1633, R2 (resistance 2) - 1.1727, S (support) - 1.1522. By the end of the day, it is possible to maintain a bullish mood, so the pair can test the R1 level. However, maintaining the bullish mood in the medium-term perspectives is unlikely, as the eurozone's economic growth slows for several months and economic activity in the US accelerates. Therefore, the pressure on EURUSD will continue in the downward channel.
Какие у вас мысли на этот счет?
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Положительные данные по рынку труда Германии, вышедшие сегодня в 11:00(GMT+3), дают внутридневную поддержку евро.Уровень безработицы в мае упал до 5,2% с 5,3% в апреле. На текущий момент EURUSD торгуется на отметке 1.1609. Полагаю, что диапазон движения цены на сегодня ограничен следующими уровнями поддержки и сопротивления в рамках таймфреймов H1 и M30: R1(resistance 1) - 1.1633, R2(resistance 2) - 1.1727, S(support) - 1.1522. До конца дня возможно сохранение бычьего настроя, за счет которго пара может протестировать уровень R1. Однако сохранения бычьего настроя в среднесрочной перспеткиве маловероятно, так как в течение нескольких месяцев наблюдается замедление темпов экономического роста еврозоны и ускорение экономической активности в США.Поэтому давление на EURUSD сохранится в рамках нисходящего канала.
I am waiting for ADP and GDP today and we will see where it will go
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ADP worse then was expected....Euro goes up) Let's see at the annual USA GDP data.
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GDP worse too
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Yes, but it's went back to the "open" price. So, USD continues getting stronger.
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hmm yes but for now again USD down :) good for me
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@cryptovskaya, in my view, the economic data is OK - both GDP and ADP report. But this data is already priced in the US dollar.
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Thank you for your opinion)
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