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The FxPro Analyst Team

Midday EURUSD roundup

The dollar index fluctuates close to 95.30, giving part of its early gains after the growth on strong payrolls. EURUSD is trading near 1.1570, turning to growth with the beginning of active European trading session. The technical short-term rebound of the pair after the fall on Friday and early morning on Monday looks completed.

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Bullish: Strong GDP data for Japan and Britain, China’s CPI growth, which somewhat reduces fears around the global slowdown.

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Bearish: Support for the dollar on fears of trade conflicts expanding. Demand for the dollar after strong U.S. payroll data on speculation around a more hawkish Fed policy.

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Next focus on: Employment and earnings in Britain on Tuesday at 8:30 GMT.

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