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EURUSD
The U.S. data came out:
Initial jobless claims increased by 13,000 to a seasonally adjusted 196,000 last week - a very low level.
But the number of long-term benefits rose slightly, at 1.68 million.
The U.S. labor market remains strong and supports the Federal Reserve in its fight against inflation.
The market projects a 70% probability that the Fed will raise rates at the next meeting by +0.25%.
Euro: Range.
Buy from 1.0670 sell from 1.0980 - this is just an idea - make your own decision based on your understanding of the situation.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Gold is trading around 2,402.86 below the downtrend channel formed since July 17 and within the uptrend channel formed after reaching the low of 2,384. Gold remains under bearish pressure
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