German Unemployment Change At 8K EURUSD Extends Corrective Pullback

Forex-5985487

The German Unemployment Change rose 8K, from -16K in the previous month. passing a forecast of 2K. This development keeps the EURUSD under pressure. Paving the way to 1.1124 levels. Below 1.1124 open 1.1093 levels.

On the upside, resistance comes at 1.1162/1.1187 levels. Stability below this level will keep the pair under pressure. Above 1.1187 (unlikely) aims the 1.1225 levels.

Support: 1.1162, 1.1124, 1.1093

Resistance: 1.1187, 1.1225, 1.1265

MARKET DATA

UPCOMING ECONOMIC EVENTS