Breaking forecast 10.09.2017

Breaking forecast 10.09.2017

EURUSD: Prepare for the breakthrough of the range.

The course of the EURUSD has stopped in a narrow range - it is likely that the breakthrough of limits will be with a strong movement.

On Monday, trading will be potentially muted - in the US there is a holiday (Columbus Day).

The direction of the movement is difficult to determine: on Friday there were data on the labor market in the US that were very contradictory.

The number of new jobs decreased (!) By 33, 000- contrary to the expected gain of 100, 000. However, the reason for the decline is strong hurricanes in September. At the same time, the unemployment rate fell to 4.2%.

In the eurozone, the picture is also unclear: the tension of Catalonia - Spain seems to have decreased slightly - but the mutually heated statements of the authorities of Catalonia and Spain continue.

Be ready to take positions in the direction of the movement with a breakthrough:

Upward - level of 1.1790.

Downward - level of 1.1668.

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The material has been provided by InstaForex Company - www.instaforex.com