© O Financista. EUR/USD has yet to confirm its increase, before a busy day
Investing.com – The EUR/USD pair remains well directed this Friday morning and trying to confirm a break above 1.14, a result of upward movement started yesterday after-noon after a low day at 1.1337.
It should be remembered that the Euro-Dollar took advantage of the weakness of the greenback affected by the publication of ISM manufacturing index in the US very disappointing, to 54.1 points for the month of December compared to 57.7 expected and the lowest since December of 2016.
An economic calendar is very loaded waiting for the EUR/USD on this Friday
Today, traders will also be facing an economic calendar is loaded with many statistics that are likely to influence trade in Europe and the United States.
On the Old Continent, what are the PMI indexes of the end-services of the month of December which will be the first indicators to be monitored, at 9: 55 for Germany and 10 h for the Euro Area, before the IPC European to 11am.
In the United States, traders will have to watch for the report to the NFP on job creation, US in the month of December at 14: 30. A positive surprise is not excluded, given the fact that the ADP report released yesterday, which also measures job creation in the month of December, is revealed very strongly above expectations.
The PMI services to US will also need to be monitored, 15: 45, shortly before the intervention of Powell, boss of the Fed, at 16: 15.
Technical analysis EUR/USD
From a graphical point of view, the trend of the pair EUR/USD has become more positive since yesterday, but the Euro has yet to confirm its increase in the crossing of moving averages of 200 and 100 hours, located at 1.1410 and 1.1412, and that block a clear upward movement since yesterday afternoon.
Above this zone, the next resistance potential that could serve as targets bulls are at 1.1435, and then 1.15.
In the case of a return under 1.14, the former medium-resistance 1.1350 and lows from yesterday to 1.1337 form a first support zone, before the psychological level of 1.1300-05.
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