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Forex pairs in this Article » EUR/USD (Barcelona) - EUR/USD is presently finding support on at the hourly 50 SMA at 1.3655, having declined from its overnight high at 1.3674.

EUR/USD ignores European data to focus on NFP’s

French trade Balance and Import and Export data has been shrugged off by EUR/USD traders understandably, in light of this afternoons NFP data release. Earlier this morning, the ECBś Praet commented that there was no sign of deflation in the Eurozone. Forecasts for NFP’s later are for 180k against the previous reading of 204k.

What are today’s key EUR/USD levels?

Matt Bacon-Hall of FXBeat comments that resistance for the pair can be seen at “1.3770 Model buy stops commence, 1.3760 Prop offers, 1.3720 buy stops commence for prop accounts, & 1.3680-00 corporate offers”, and support below at “1.3590-00 Corporate bids, 1.3520-30 Macro bids, 1.3490 Sell stops commence, 1.3450-60 option bids. Today’s central pivot point is at 1.3630, with support below at 1.3582 (S1), 1.3495 (S2) and 1.3447 (S3) and resistance above at 1.3717 (R1), 1.3765 (R2) and 1.3852 (R3). The range between 1.3658-3692 is showing several technical levels as clustering there.
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