Filed Under:
Forex pairs in this Article » EUR/USD (Barcelona) - Despite a fall to 1.3543 yesterday during the Draghi speech, EUR/USD rebounded strongly, pushing above 1.3600 to post a high at 1.3677, before gently retracing overnight to where spot is presently trading at 1.3660.

EUR/USD focused on NFPs into week close

With all significant European data out of the way for this week, eyes will be firmly positioned on this afternoons NFPs, with analysts forecasting 180k, down from 204k previous. Minor data this morning includes the French Budget and trade balance data, and German factory orders. This morning has seen comments from the ECB’s Praet, stating that he sees no signs pointing at deflation.

What are today’s key EUR/USD levels?

Hourly RSI sits at 59, which stochastics have fallen sharply to oversold territory. The hourly 200 SMA sits at 1.3585 and is bullish, while the daily 20 EMA is flat at 1.3558. 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.
comments powered by Disqus