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08.05.2020: Forex Analysis & Reviews: Non Farm Employment Change report will not affect the market significantly.

Signals for the EUR/USD pair:

If the pair breaks through at 1.0882, the euro is likely to grow to 1.0923 and 1.0972.

A breakthrough at 1.0826 can lead to a sell-off of the euro to 1.0771 and 1.0728.

Signals for the GBP/USD pair:

If the pair breaks through at 1.2411, the British pound is likely to rise to 1.2446 and 1.2478.

A breakthrough at 1.2353 can lead to a sell-off of the British pound to 1.2305 and 1.2266.

Fundamental data:

The following fundamnetal data is expected during the day: the US unemployment data and the Non Farm Employment Change report. Apart from that, Christine Lagarde, President of the European Central Bank will deliver a speech.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
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