After a peyrols the ascending correction is expected "May 9, 2016"

Results of the last trading day:

After a Friday peyrols (NFP) on the week schedule of euro/dollar it was created Pin Bar euro indicating easing.  

Unemployment rate in the USA in April remained at the level of 5%. The number of workplaces in nonagricultural sector of economy has grown by 160 thousand against the forecast of 195 thousand. The February indicator is reconsidered towards reduction from 245 to 233 thousand, a March indicator - from 215 to 208 thousand. The share of economically active population has decreased on 0,2, to 62,8%.

At an indicator in 160 thousand and a labor share in 62,8%, euro/dollar has to depart to 1,1550. On news the rate of euro/dollar has raised to 1,1479 and to closing of the auction has returned to level 1,1400. To me reaction of traders to the report is personally unclear. It is only possible to tell that they don't want to sell dollar now.

Expectations of the market for today:

Today Monday therefore I don't pay attention to news and I wait for correction to the trend line 1,1430. At the same level the 45th degree is placed. You shouldn't be surprised even to if the rate of euro/dollar rises to 1,1450/60.  

News of the present day:

     Germany will publish data on production orders for March.
     in Switzerland there will be an index consumer the qualification April.  
     Great Britain will present a price index on housing from Halifax.    
     the deputy head of Bank of England Andrew Bailey will make the speech.
     in the Eurozone there will be a business confidence index from Sentix.
    the speech will be made by the member of FOMC Charles Evans.

Technical analysis:

Traders the opening long positions on the weak report of NFP, before days off it was necessary to close. Analyzing reaction of the market to the report and open positions in the report of COT, I come to opinion that at first euro/dollar descends down to the area 1,1320/30. As soon as it is fulfilled Pin Bar, couple will move to 1,1730, forming the ascending wedge on the week schedule. On Monday I wait for kickback to the 45th degree 1,1430.