German Unemployment Change Up 2K In Sept, Buy EURUSD On Dips!

Forex G trade
Forex G trade

The German Unemployment Change rose 2K, from -6K in the previous month, the indicator was expected to rise to -5K in the last month.

Market Impact: This development could bring a corrective pullback towards daily chart support at 1.1185 levels, If seen, It should be taken as an opportunity to buy the pair on dips, a clear break below 1.1185 will  extend the pullback towards the 1.1117 levels before the next rise.On the upside, resistance remains at the 1.1290 levels ahead of the 1.1330 levels….

Eyes next on Euro Zone inflation data after 45 min.

MARKET DATA

UPCOMING ECONOMIC EVENTS