7 Aug 2015
EUR/USD around 1.0940 pre-NFP
FXStreet (Edinburgh) - The shared currency keeps the positive ground vs. the US dollar on Friday, with EUR/USD hovering over the 1.0935/40 band so far.
EUR/USD all eyes on Payrolls
The pair keeps its gains against a backdrop of choppy trade ahead of July’s Non-farm Payrolls, with consensus expecting the US economy to have created 222K jobs during last month, very close to June’s 223K.
After climbing as high as 1.0950 during the European morning, the bullish attempt run out of legs and prompted sellers to drive spot back to the comfort zone around 1.0930.
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!
EUR/USD levels to consider
As of writing the pair is advancing 0.08% at 1.0934 with the immediate resistance at 1.0950 (high Aug.7) followed by 1.0990 (high Aug.4) ahead of 1.1080 (high Jul.29). On the other hand, a breakdown of 1.0873 (low Aug.6) would aim for 1.0848 (low Aug.5) and finally 1.0811 (low Jul.11).
EUR/USD all eyes on Payrolls
The pair keeps its gains against a backdrop of choppy trade ahead of July’s Non-farm Payrolls, with consensus expecting the US economy to have created 222K jobs during last month, very close to June’s 223K.
After climbing as high as 1.0950 during the European morning, the bullish attempt run out of legs and prompted sellers to drive spot back to the comfort zone around 1.0930.
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!
EUR/USD levels to consider
As of writing the pair is advancing 0.08% at 1.0934 with the immediate resistance at 1.0950 (high Aug.7) followed by 1.0990 (high Aug.4) ahead of 1.1080 (high Jul.29). On the other hand, a breakdown of 1.0873 (low Aug.6) would aim for 1.0848 (low Aug.5) and finally 1.0811 (low Jul.11).