After a sharp decline over the previous trading sessions, the U.S. stock market began to correct. Future mood of investors will depend from the data of labor market, which will be published during this week. The market has a clear understanding that the Fed is set at further reduction of the quantitative easing program and the positive data on the labor market will play on hand of the bulls.
From a technical point of view, the growth within the local downstream channel is possible up to the level of 1780. In case of fixing the quotes below 1760, the next target level will be at 1720.
Wish you the profits!
FXFINPRO Capital Analytical department.