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6 Feb 2015
EUR/USD deflates to 1.1440
FXStreet (Edinburgh) - The shared currency is now trading in the lower bound of the intraday range vs. the US dollar, sending EUR/USD to the 1.1440/35 region.
EUR/USD eyes on Payrolls
The pair remain above the 1.1400 handle, benefiting from the generalized correction in the greenback and ahead of January’s Payrolls in the US. Recall that market consensus expects the economy to have added 234K jobs in the last month, down from December’s 251K; the jobless rate would have remained unchanged at 5.6%.
Softer-than-expected Industrial Production figures from the German economy added some selling interest to the euro, with spot coming down from overnight peaks near 1.1480.
EUR/USD significant levels
As of writing the pair is losing 0.27% at 1.1455 with the initial support at 1.1339 (200-h MA) ahead of 1.1330 (10-d MA) and finally 1.1280 (low Feb.2). On the flip side, a surpass of 1.1507 (21-d MA) would expose 1.1534 (high Feb.3) and then 1.1600 (psychological level).
EUR/USD eyes on Payrolls
The pair remain above the 1.1400 handle, benefiting from the generalized correction in the greenback and ahead of January’s Payrolls in the US. Recall that market consensus expects the economy to have added 234K jobs in the last month, down from December’s 251K; the jobless rate would have remained unchanged at 5.6%.
Softer-than-expected Industrial Production figures from the German economy added some selling interest to the euro, with spot coming down from overnight peaks near 1.1480.
EUR/USD significant levels
As of writing the pair is losing 0.27% at 1.1455 with the initial support at 1.1339 (200-h MA) ahead of 1.1330 (10-d MA) and finally 1.1280 (low Feb.2). On the flip side, a surpass of 1.1507 (21-d MA) would expose 1.1534 (high Feb.3) and then 1.1600 (psychological level).