FX.co ★ Evening review on September 17, 2020

The current week has been a week of important events. On Wednesday, the Fed meeting was held. Upon this, a correction was noted on the euro which broke through the lower border of the range at 1.1750.

However, consolidation did not take place. At present, the euro intends to grow on strong data on the US weekly jobless claims. There is a probability that the breakdown was false.

According to the data, the unemployment in the US decreased by 700 thousand. That is a drop from 13.3 million to 12.6 million.

You may consider buying euro from 1.1885, or more aggressively from 1.1815.

In case of a new downward reversal, sell from 1.1735.