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Forex pairs in this Article » EUR/USD
FXstreet.com (Córdoba) - The EUR/USD is taking a breather Monday, consolidating in a narrow range after rallying to a 1-week high on the back of disappointing US nonfarm payrolls report.

After failing to overcome the 1.3685 area, the EUR/USD entered in a quieter phase in the absence of first-tier economic data, with investors still digesting the surprising NFP miss. At time of writing, the EUR/USD is trading at the 1.3660 zone, 0.1% below its opening price, with the US calendar also empty for the rest of the day.

EUR/USD levels to watch


In terms of technical levels, the EUR/USD could face immediate resistances at 1.3686 (Jan 10 high), 1.3700 (psychological level) and 1.3757 (Jan 2 high). On the other hand, supports are seen at 1.3655 (Jan 13 low), 1.3615 (55-day SMA) and 1.3600 (psychological level).

What's the sentiment for EUR/USD?

The latest data for the Currencies Forecast Poll released by FXstreet.com on NFP Friday showed the EUR/USD average price target of 1.3610 for this week is only a 30 pips above last week's average, but still powering up. "The mode prints above the 1.37 figure suggesting more traders went from remaining cautiously bullish to openly enthusiastic towards the steady advance in the EUR/USD exchange rate", says Gonçalo Moreira, independent analyst. "Inversely, in the mid and long-term, poll participants show more lack of faith and expect the major pair to trade at 1.34 and 1.33".
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