While the week is going to end, what we are watching is that the EURSD Parite’s continuation of negative trend image, and the parite’s focusing on the data of US Non-Farm Employment, Unemployment Rate and Average Hourly Earnings. EURUSD’s parite’ s data results toward expectation of relevant downward is supported by the positive continution of Dollar index and downward pricing behavior. It can be said that in the condition of EURUSD’s data results about relevant downward is supported, parite is going to be tend to generate a movement toward support levels of 1,1123 and 1,1058. The parite, which is negative while the main trend is under the region of 1,1255 and 1,1226, in the possible reaction, has a first resisting level of 1,1183 before the relevant region.
It is expected in the USA data that non-farm employment data will be 190 k, while Average Hourly Earnings will be 0.3 % and the Rate of Unemployment will be % 3,8. The following the price increases of ABD Central Bank, which draw a patient image about interest in athmosphere of the employment market’s positive image. So that, the data of Average Hourly Earnings should be closely followed in the this serial of data.
Support: 1,1123 – 1,1058 – 1,1000
Resistance: 1,1183 – 1,1226 – 1,1255
Main Scenario: If EURUSD parite continues to remain under the region of 1,1255 – 1,1226, it my want to resume the negative trend image that it has an effect on since 21 March 2019.
The Possible Targets of Main Scenario: The trend rally may be observed toward the support points of 1,1123 and 1,1058. The current bottom point of negative trend may brings about psychologic level of 1,1000 in the movements that are below the level of 1,1123.
Alternative Scenerio: In order to negative trend image to be end toward EURUSD parite, the 4 – hours closing required in the region of 1,1255 – 1,1226.
The Possible Targets of Alternative Scenario: In the case of chance of the trend, parite may draw an image toward the barriers of 1,1323 and 1,1360.