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[QUOTE="MikhailLF, post: 129268, member: 42242"] [b]NZD/USD: general analysis[/b] [b]EUR/USD: general review[/b] [b]Current trend[/b] Thursday was volatile for the pair EUR/USD which was caused by yesterday’s releases and the news due today, in particular changes in nonfarm payrolls. Yesterday after slight growth during the morning trading the pair got cheaper in view of release on an ADP report on the level of employment in the private sector. The indicator that precedes the NFP report showed growth and exceeded expectations strengthening USD and giving sufficient proof that the report on nonfarm payrolls will be positive. Strong NP data in turn will indirectly support the increase of FOMC rates in June. The growth of initial jobless claims had a negative impact on the US currency and slowed down the fall of the pair. It dropped to1.1200 but failed to break through a strong support level. Today the market is expected to be highly volatile. [b]Support and resistance[/b] On the H1 chart the pair is demonstrating lateral movement within a narrow price range formed by the borders of Bollinger Bands. MACD histogram is around the zero mark, and its volumes are minimal. Support levels: 1.1200, 1.1170, 1.1120. Resistance levels: 1.1240, 1.1265. [b]Trading tips[/b] Short positions may be opened from the level of 1.1190 with targets at 1.1120 and stop-loss at 1.1220. Long positions may be opened from 1.1240 with targets at 1.1290 and top-loss at 1.1210. The period of implementation is 1-2 days. [IMG]http://savepic.net/9322158.png[/IMG] [/QUOTE]
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