EUR/USD

Disappointing data recently came out on new jobs in the private sector in the ADP estimate for November - against expectations of 137 thousand, the indicator showed an increase of 67 thousand and the October data was revised down from 125 thousand to 121 thousand. The euro sharply grew by 40 points and returned to the starting positions - to the trend line and the Fibonacci level of 123.6% on the daily chart.

The euro is trading upward during the Asian session today; closing the session above the indicated technical lines will mean consolidating prices above them and opens the target of 1.1155 - Fibonacci level of 110.0%. Leaving the price at yesterday's low will give a chance to return prices to the Fibonacci level of 138.2% at the price of 1.0985. The main factor in the choice of further movement may be tomorrow's data on labor in the US for new jobs outside the agricultural sector, an increase of 186 thousand is forecasted against the October indicator of 128 thousand. There is intrigue here, since data from ADP and Non-Farm Employment do not always correlate. Today there will be data on applications for unemployment benefits - a forecast of 215 thousand. It is desirable that the data turn out to be better than the forecast, in this case the Nonfarm can come out good.

On the four-hour chart, a slight divergence has formed on the Marlin oscillator. Working it out, the price may drop to the support of the MACD line, or it will move upward without reaching it - working out such an obscure structure could be weak. So, we are waiting for Friday data on US employment.