The big picture: Important news about the USA.
As the new week start, big news came in from the US within four days (Tuesday, Wednesday, Thursday, and Friday).
While on Wednesday, the July report for the private sector on employment from the ADP was issued.
Market conditions:
EURUSD
The trend is moving upward.
Nevertheless, we expect the continuation of the trend and a breakthrough at 1.1776 upward and a rate of 1.1825.
An alternative option is to sell and break the 1.1645 level lower.
Intrigue - the USDCHF rate is clearly trying to start a new trend upward for this asset too. We see an upward rate upward as well as in USDJPY pair. It is clear that someone deceives us which is unlikely that we will see trends upward on the euro-dollar and on the dollar, at the same time. Although a few days, it was the case of the euro-franc.
But one of them will show the trend.
The pound visibly moves upward.
The material has been provided by InstaForex Company - www.instaforex.com