Forex: US Dollar Index in session highs, eyes on 80.30

FXstreet.com (Barcelona) - The greenback, measured by the US Dollar Index, is prolonging its steep intraday ascent on Thursday, after the demand for the safe haven was boosted on the ECB's decision to leave its monetary policy unchanged, cutting its growth forecasts for the euro area at the same time.

The greenback will face its big day tomorrow, as the US Non-farm payrolls are expected to ease ground to +93K during November, down from the previous print at +171K. In addition, and according to estimates, the unemployment rate would remain unchanged at 7.9% in the same period.

According to Richard Lee, Contributing Analyst at FXstreet.com, the recent pass of the Hurricane Sandy could yet influence tomorrow's NFP results, as well as the ongoing talks aver the so-called 'fiscal cliff'. In addition, and when comes to ways of trading the event, the expert reckons that a figure above 90-95K would be supportive of the buck, with its logical consequences on the EURUSD.

The index is now up 0.63% at 80.26 and according to tradingcentral.com, next resistance levels lie at 80.45, 80.65 and 80.80
Support levels line up at 79.60, 79.45 y 79.30