The dollar has appeared under pressure on Friday after the publication of the report on labor market in the USA. Change of number occupied in nonagricultural sector (Non-farm Payrolls) has made 160 thousand, the market the indicator at the level of 203 thousand was expected. Unemployment has remained at the level of 5,0%, an average hourly salary – at the level of 0,3%.
Weak economic indicators haven't confirmed the continuing improvement of a situation in the USA that has strengthened fears concerning increase of interest rates from FRS. It should be noted that before the publication the probability of toughening of monetary policy of U.S. Fed at a meeting in June was estimated approximately at 11%.
Technical analysis and forecast of EUR/USD
EUR/USD steam decreases after the test of the upper bound of the ascending channel. The indicator of relative force has shown a rebound from resistance level down that indicates correction continuation. Within the forecast of EUR/USD for week 5/9/2016 — 5/13/2016 depreciation of euro with the first purpose in area 1,1300 is expected.
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