Hello guys,
Are you ready to trade today?
After a few hours, a report will come out and we'll see how many US jobless claims there are. On the graphic below you can see jobless claims since August 2016. Since October they were growing up.
If the tendency is keeping I think that the price will rise up to about 1.20.
From the technical analysis point of view, we can see how eur/usd rise up from 38% of the Fibonacci level in a one-day time frame.
We can see starting a strong trend in a one-week time frame.
In conclusion, if US jobless claims are more of 249 000 then the EUR/USD will go up.
Good luck to all!
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