Filed Under:
Forex pairs in this Article » EUR/USD (Edinburgh) - The shared currency is now gathering some traction, attempting a rebound to the 1.2890 area ahead of the US Payrolls due later (165K exp.).

EUR/USD next key support at 1.2740 (2013 lows)

It seems that the weakness in the pair stalled around session lows at 1.2860, where interest rate showed up to lift the pair to the current 1.2890 region. “The dollar is broadly stronger against the majors as the effects of the ECB/BOE meetings are unlikely to fade anytime soon. Indeed, Jobs data today seems unlikely to derail the dollar rally”.

EUR/USD key levels

The pair is now losing 0.19% at 1.2886 with the next support at 1.2869 (low Jul.5) followed by 1.2859 (weekly cloud top) and then 1.2838 (low May 29). On the upside, a break above 1.3015 (MA10d) would expose 1.3032 (high Jul.3) and then 1.3047 (MA100d).
comments powered by Disqus