Although yesterday’s disappointing jobless claims numbers pushed the USD Index lower, the greenback remains supported by rising expectations that the Fed will raise interest rates for the first time since 2006 at its upcoming meeting on December 15-16. Will the technical picture of the U.S. dollar against other currency pairs give us more clues about future moves?

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Earlier today, the U.S. Department of Labor reported that the number of initial jobless claims in the week ending December 4 rose by 13,000 to 282,000, missing analysts’ forecasts. As a result, the USD Index moved slightly lower, but did it change anything in the short-term picture of the euro?

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Earlier today, the USD Index extended yesterday’s losses and approached the level of 98. As a result, USD/CHF reversed and approached its important short-term support zone. Will we see another rebound from here?

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Earlier today, the Office for National Statistics showed that manufacturing output fell 0.4% in October, missing forecasts for a decline of 0.1%. Thanks to these disappointing numbers, GBP/USD extended losses and declined below the barrier of 1.5000. Will we see a test of the recent lows in the coming days?

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On Friday, the Labor Department showed that the U.S. economy added 211,000 jobs in the previous month, beating analysts’ forecasts and increasing expectations that the Fed will hike interest rates at its upcoming meeting. As a result the USD Index rebounded and climbed above 98. Earlier today, the index extended gains, which pushed the euro to the support area. Will it withstand the selling pressure in the coming days?

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