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EURUSD is retesting 1.25 resistance ahead of US employment data to be released today. The Fed's decision supports us interest rates, but the lack and decline in demand for the dollar in Global Markets is pushing the currency upwards. Technically, the rising trend is protected. 1.2505 can be followed as the main resistance in the rise. Today, the data flow will be intense.
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Week Ahead On The Markets
The first week of 2018 will bring a fresh boost of energy thanks to financial markets in a number of important events. In the U.S., the labor report can help answer the question of wage pressure inflation will provide pick-up. The FOMC meeting minutes can reveal what the Fed is planning to do next. the situation of the global economy will be evaluated with the help of PMI readings from China, England and the United States. Also keep an eye on the euro hicp inflation. Main events: Monday: • No si…