The EUR/USD pair has almost reached the 1.1000 mark and encountered its first resistance, which we talked about earlier. The local downtrend was broken. However, this does not indicate a price reversal.

Market Expectations

Today, market participants are waiting for the publication of a large block of data in the United States, including labor market indicators. Today's and tomorrow's publication of statistical indicators could significantly affect the volatility of instruments in pairs with the US dollar. Therefore, it is necessary to carefully monitor the market during news releases and make decisions, assessing the dynamics and behavior of market participants.