These numbers nonfarm payrolls were disappointing? As we have mentioned previously, followed by the powerful American figures on the 4th week and tone "hawkish" of the statement from the FOMC's open market committee, the data strongly to do what was missing to federal reserve federal Reserve can achieve dual purposes as well as increased pressure on the roadmap forecasts of the FOMC interest rate increases. However, the main figure of the day 6 shows that there is still a place "slack" in the labor market, and this creates conditions for the Fed to keep interest rates low for some time longer. The dollar generally goes down. Non-farm Payrolls gained 209k in July after rising to $ 298k in 6 months this figure was lower than expected payrolls rose 231k expected, disappointing the market, while the unemployment rate rose to 6.2% from 6.1%. The average income per hour is relatively flat on the base, leaving the annual rate of increase of + 2.0% per year, and the lack of expected estimate of a 2.2% increase year on year.

I think that in reality, the figure was better than expected by the market and we believe that the dollar will rebound. First, the 209k figure is not bad; it just is not high compared with the average of two months 298. community is 253k, very high numbers. 200k figure than six consecutive months, the first time in 1997 The widespread increases in many industries. Second, the small increase in the unemployment rate should be seen as opposed to an increase in participation rates, may indicate that people are becoming more optimistic about the chances of getting a job. On the other hand, the profit figures certainly disappointing, especially given after the publication of the index increased spending for labor on Thursday. In any case, I think the market has the ability to re-evaluate the numbers and the dollar should continue to rise this week.

EUR / USD has rallied on Tuesday 6, pulling up the edge over the medium term downtrend channel purple and moving upward at 1.3400 (S1). However, momentum is stopped by 1.3445 resistance level (R1). Although we will probably see a continuation of the wave up, the overall picture remains dropped my perspective, because in the bigger picture, the exchange rate is heading to the lower level and region. 14 days RSI signals crossed oversold, while the daily MACD signal indicates the bottom signal and can be moved along its onset in the near future, reinforces my opinion that we can not rule out further retreat, perhaps psychological trading near 1.3500 (R2) as resistance this time.

• Support levels: 1.3400 (S1), 1.3365 (S2), 1.3350 (S3).

• Resistance levels: 1.3445 (R1), 1.3500 (R2), 1.3540 (R3).
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