2 Jul 2015
EUR/USD recovery capped at 1.1080
FXStreet (Edinburgh) - The single currency has reverted the initial weakness and is now taking EUR/USD to test session highs in the 1.1070/80 band.
EUR/USD focus on Payrolls
With the situation in Greece in the back burner at least until Sunday’s referendum, market participants will focus on June’s Non-farm Payrolls in the US. Prior surveys expect the economy to have created 230K jobs and the jobless rate to tick lower to 5.4% from 5.5%.
Continuing with data releases, the ECB will publish its Meeting Accounts, ahead of US Initial Claims and Factory Orders (-0.5% exp.).
You can trade the Non-farm Payrolls here.
EUR/USD levels to consider
The pair is now advancing 0.14% at 1.1068 and a breach of 1.1032 (low Jul.2) would target 1.1000 (psychological level) en route to 1.0955 (low Jun.29). On the flip side, the initial up barrier aligns at 1.1171 (high Jul.1) followed by 1.1234 (high Jun.24) and finally 1.1244 (high Jun.30).
EUR/USD focus on Payrolls
With the situation in Greece in the back burner at least until Sunday’s referendum, market participants will focus on June’s Non-farm Payrolls in the US. Prior surveys expect the economy to have created 230K jobs and the jobless rate to tick lower to 5.4% from 5.5%.
Continuing with data releases, the ECB will publish its Meeting Accounts, ahead of US Initial Claims and Factory Orders (-0.5% exp.).
You can trade the Non-farm Payrolls here.
EUR/USD levels to consider
The pair is now advancing 0.14% at 1.1068 and a breach of 1.1032 (low Jul.2) would target 1.1000 (psychological level) en route to 1.0955 (low Jun.29). On the flip side, the initial up barrier aligns at 1.1171 (high Jul.1) followed by 1.1234 (high Jun.24) and finally 1.1244 (high Jun.30).