The dollar weakens.

Among the significant events of today, we expect the release of data regarding the US labor market. The data currently released from the EU did not show the best performance.

Despite this, the momentum of the pair received an upward boost and at the moment it has overcome the level of 1.1440.

In view of the concerns about the Federal Reserve lowering the interest rate the reserve currency shows a decline and the dollar index is below the 95.50 mark.

Our technical indicators are multidirectional and we do not have a clear signal. We believe that at the moment it’s worth looking for points to enter long positions based on the support levels of 1.1410 and 1.1440. Consider the targets near the levels of 1.1490 and 1.1530.