The Greenback Is Trading In Sideways Wave

The Greenback is currently trading in sideways wave ahead of the U.S. data, since they are scheduled to release the ISM non-manufacturing composite, where expectations show will expand to 50.5 after it has been contracting lately.

Markets are waiting for the release of the non-farm payrolls on Friday, which will help us continue to understand the current labor conditions. The Dollar Index is being traded at 77.68, while recording a high of 77.99 and a low of 77.60.

The euro against the federal currency is currently traded at 1.4362 between the support of 1.4323 and the resistance of 1.4396, as momentum indicators on the one-hour charts are providing us with a downside trend, as the pair recently records a high of 1.4382 and a low of 1.4281.

Also, on the one-hour charts, the volume indicator is revealing that there is narrow range trading taking place ahead of Friday.