EURUSD (1.2372) Trend: Neutral/Upward Support/Resistance: 1.2295 - 1.2415 For today is expecting confirmation for the good U.S. jobs data with the report for Initial Claims and Continuing Claims. Also the other key event today is Philadelphia Fed all data schedule for 8:30 AM ET. Nevertheless the positive reports from United States the dollar could not gain pips against the Euro. The first EURUSD support level is at 1.2330 followed by 1.2295. The second support at 1.2295 is strong as the break below may signal for continuing recovery of the dollar. But as overall the chances are minimal. World-Signals.com trading plan for today is to wait for the first support at 1.2230 and open long positions as use stops below the second support level.
I see some different Analysis in alpari.com/en/analytics/holidays/ During the US session, sellers trading on the news managed to break through the horizontal support zone of 1.2340 – 1.2350, as well as the trend line from the 1.2273 low. The drop slowed down around the 90thdegree. This isn’t a significant support level, so after a correction to 1.2324 (22 degrees), I’m expecting the euro to drop against the greenback to the 112th degree at 1.2274. The trend line extended from the high of 1.2413 runs through 1.2450 on the current hour (9:00 EET). Here, it is being bolstered by the 45th degree. Given that trading in Asia today paints a mixed picture of the US dollar, and that most of the euro crosses are trading up, we can’t rule out the possibility of quotes rising as far as 1.2340/50.
