Forecast for Monday:
Friday's data from the US Department of Labor has failed to settle on the currency pair discussed and that means that no significant levels were not defeated. Although the market has led to the exit over the downtrend line, but this may be due, closing positions before the weekend.
Tomorrow, we have no significant economic data, which could once again lead to local consolidation.
In the case of overcoming resistance level at 1.0996 will open the next levels at 1.1080 and 1.1129.
If the supply defend Friday's high of 1.0980 and the 1.0996 level should see declines towards the 1.0916 level and 1.0849 (at least last week).
Sytaacja is not clear and should wait for the moment of breaking.
Note: The expectations of rate hike should be supportive for the dollar.
Friday's data from the US Department of Labor has failed to settle on the currency pair discussed and that means that no significant levels were not defeated. Although the market has led to the exit over the downtrend line, but this may be due, closing positions before the weekend.
Tomorrow, we have no significant economic data, which could once again lead to local consolidation.
In the case of overcoming resistance level at 1.0996 will open the next levels at 1.1080 and 1.1129.
If the supply defend Friday's high of 1.0980 and the 1.0996 level should see declines towards the 1.0916 level and 1.0849 (at least last week).
Sytaacja is not clear and should wait for the moment of breaking.
Note: The expectations of rate hike should be supportive for the dollar.