USD under pressure across the board after NFP report - FXStreet

By FXstreet.com | June 06, 2014 AAA

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik notes that the dollar remains under pressure across the board, as the market reaction to the decent but unspectacular Nonfarm Payrolls report was not enough to support it.



Key quotes



"The EUR/USD hourly chart shows price holding above the 20 SMA, and indicators aiming higher around their midlines, with price retracing some from 1.3676, a couple pips above the 61.8% retracement of this year bullish run."



"In the 4 hours technical indicators present a bullish tone, yet unless a break above mentioned 1.3680 is required to confirm further gains towards 1.3750 price zone."



comments powered by Disqus
Related Forex Analysis
  1. EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation
    Forex News

    EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation

  2. EUR/USD Sitting Still
    Investing

    EUR/USD Sitting Still

  3. Euro Can Reverse Course, Rally if ECB Comes Up Short
    Forex News

    Euro Can Reverse Course, Rally if ECB Comes Up Short

  4. EUR/USD off lows, nervous ahead of ECB
    Forex News

    EUR/USD off lows, nervous ahead of ECB

  5. EURUSD’s 1400-Pip Trend Rides on ECB, USDJPY Wavers Alongside Risk
    Forex News

    EURUSD’s 1400-Pip Trend Rides on ECB, USDJPY Wavers Alongside Risk

Trading Center