The Euro Is Still Expected To Rebound Further Against The US Dollar.

The euro has fallen slightly against the US dollar since the end of the day, and some investors are heading for a long holiday.

During the New York session, the euro rose sharply against the US dollar due to weak non-agricultural data, and the exchange rate rose to 1.1026. However, since then, the exchange rate has dropped to 1.0970 from the daily high, and the holiday is approaching. Investors have retraced some of the increase in non-agricultural exchange rate. The euro is still expected to rebound further against the US dollar in the environment of weak U.S. economic data and the Fed's interest in raising interest rates.

A foreign trader believes that the euro has a strong resistance against the US dollar in the 1.1040 line. This position is the resistance of the previous price intensive trading area. But this position should be broken up because weak economic data indicate that the Fed's interest rate policy will be postponed again.

Within days, U.S.A According to the data released by the Ministry of labor, the number of non farm workers in the United States increased by 126 thousand people in March, the worst since December 2013, and the expected growth rate is 245 thousand. The unemployment rate in the United States in March is 5.5%, 5.5%, and the former value is 5.5%.

The news from Greece did not drag on the euro. Greece's deputy finance minister, Dimitris Mardas, said on Friday: "we will strive to repay the debt in time and are ready to repay the debt in April 9th." Previously, Greece Interior minister Voutsis also told Germany Der Spiegel weekly that "if we do not have funds until April 9th, we will give priority to paying wages and pensions in Greece. Then we will seek the understanding of foreign partners on the 450 million euro which is unable to repay IMF money on time."

It was also reported that the negotiations were stagnant. IMF The staff were asked to return from Greece. But then the Greek Finance Ministry denied the report. The Greek government expects to resume negotiations with IMF in mid April.

At present Greek funds are running out, but euro zone and IMF creditors have frozen Greek aid funds unless Greece's leftist new government has agreed on a series of reform measures with the European Union and IMF.

Technically, the euro is more volatile than the US dollar chart. The technical index MACD (12,26,9) main line and signal line run above the zero axis, indicating that the price trend is excessive. The relative strength index RSI (14) is located above the 50 equilibrium position, indicating that the price dynamics are excessive. Technological trends indicate that the euro is expected to go higher against the US dollar.

Beijing time 0:49 0:49 euro to the dollar 1.0973/75.

The euro is still expected to rebound further against the US dollar in the environment of weak U.S. economic data and the Fed's interest in raising interest rates.