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Yesterday, headline inflation figures in the euro zone remained far below market expectations, followed by the European Commission's economic forecast statement. The economic slowdown at the beginning of 2018 will likely be temporary, while the complex Outlook in the employment market will continue to be highlighted. Yesterday, Peter praet, a board member of the European Central Bank, said that monetary expansion could continue. On the US side, while the Non-Manufacturing Purchasing Managers Index (PMI) announced by ISM yesterday remained below expectations by 56.8, it was observed that Unit labor costs and non-agricultural productivity data were also below expectations. Factory orders, Trade Balance, Unemployment Claims and Markit Service PMI have resulted in better than predicted figures in the market. In today's economic calendar, we find it useful to monitor the employment data coming from the United States carefully. On the European side, retail sales in the euro zone will be monitored as well as service and compound PMI data. News feeds may also be important for the US Delegation's visit to China.Technically, the pair is followed by a falling channel in the last 15 days. In this context, support points 1.1940, 1.1910 and 1.1890 can be followed for the current 1.1985 parity. On the upside, our resistance points are at 1.2000, 1.2030 and 1.2070.
