To a peyrols depreciation of euro to 1,1370 is expected "May 6, 2016"

Results of the last trading day:

On Thursday US dollar exchange rate has grown against the main currencies. In the last review on the European session I have written that traders correct the positions before today's report on employment in the USA for April.

Despite increase in number of applications for a dole to the USA, a rate of euro/dollar to closing of the auction in Europe has fallen to 1,1385. In a week the number of primary applications for a dole has increased to 274 thousand against the forecast of 260 thousand.

Neither the ADP index, nor applications for a dole can help us to predict Non-Farm Payrolls indicator. For this reason, many traders try to worry peyrols out of the market. But there are also such traders who specially wait for the first Friday of month to catch a wave.

Expectations of the market for today:

The rate of euro/dollar has stopped on the trend line. As well as yesterday couple twelve hours are consolidated in narrow range at the level of 1,1400. 

In day of a peyrols I always considered kickback or lateral motion, today from discovery of Europe I wait for depreciation of euro to 1,1370. Business in volume, the Australian currency was weakened to dollar after the publication of the report on a monetary policy of Reserve bank of Australia. I consider, euro will be weakened to US dollar behind couple the Australian/US dollar.  

News of the present day:

   - in Canada and the USA there will be data on labor markets (changes of quantity occupied, an average hourly salary, number of workplaces in nonagricultural sector and unemployment rate).

   - in Canada there will be an index of business activity from Ivey.    

   - the deputy manager of Bank of Canada of Lawrence Shambri will act.

   – number of drilling rigs from Baker Hughes.

Technical analysis:

On Thursday the rate of euro/dollar has fallen to the trend line and the D3 line. Together they have formed strong support, but narrow price range indicates couples further decrease. The zone between 112-135 degrees is turning, but today there will be a report on the American labor market. After this report the price in several minutes deviates on 100 and more points (4 signs after a comma).

For today it is possible to allocate borders for price fluctuations. If NFP appears below the forecast and data in two months will be revised towards decrease, the rate of euro/dollar will return to 1,1520. If it is higher than 200 thousand, then we go below to 1,1300-1,1320.