FXEM - EMPIRE MARKETS - Company New Article

The GBP is trading at 1.2899 amid anticipation of US unemployment and economic growth data, which may affect the dollar's movements and thus the sterling.
 

The bullish scenario:

• If the US data comes out weaker than expected, the sterling may rise towards 1.2930 - 1.2960.
• A break of 1.2960 may push it to test the 1.3000 - 1.3030 levels.

The bearish scenario:

• Strong US data may support the dollar, which may pressure the sterling to fall towards 1.2860 - 1.2830.
• A break of 1.2830 may lead to a further decline towards 1.2800 - 1.2770.

The euro is trading at 1.0842 amidst relative stability, while markets await US unemployment and economic growth data, which may directly affect the dollar's movements.
 

The bullish scenario:

• If the US data comes out weaker than expected, this may push the euro up towards 1.0870 - 1.0900.
• Breaking 1.0900 may open the way to test the 1.0930 - 1.0950 levels.

The bearish scenario:

• Strong US data may boost the dollar, which may push the euro down towards 1.0815 - 1.0800.
• Breaking 1.0800 may lead to further decline towards 1.0770 - 1.0750.