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6 Feb 2015
EUR/USD slips to 1.1430
FXStreet (Edinburgh) - EUR/USD extends its correction lower on Friday, currently challenging intraday lows in the 1.1435/30 band.
EUR/USD eyes on Non-farm Payrolls
Despite the broader USD correction throughout the present week, gains in the pair seem to be somehow limited in the low 1.1500s while the 1.1390/1.1400 zone offers decent support at the moment.
Ahead in the session, the critical figures from the US labour market will set the pace for the pair in the very short term, although a reading below consensus might feed speculations that it may take longer for the Fed to return to a normalization of its monetary policy.
EUR/USD significant levels
As of writing the pair is losing 0.40% at 1.1439 with the initial support at 1.1360 (10-d MA) ahead of 1.1304 (low Feb.5) and finally 1.1280 (low Feb.2). On the flip side, a surpass of 1.1494 (21-d MA) would expose 1.1500 (psychological level) and then 1.1534 (high Feb.3).
EUR/USD eyes on Non-farm Payrolls
Despite the broader USD correction throughout the present week, gains in the pair seem to be somehow limited in the low 1.1500s while the 1.1390/1.1400 zone offers decent support at the moment.
Ahead in the session, the critical figures from the US labour market will set the pace for the pair in the very short term, although a reading below consensus might feed speculations that it may take longer for the Fed to return to a normalization of its monetary policy.
EUR/USD significant levels
As of writing the pair is losing 0.40% at 1.1439 with the initial support at 1.1360 (10-d MA) ahead of 1.1304 (low Feb.5) and finally 1.1280 (low Feb.2). On the flip side, a surpass of 1.1494 (21-d MA) would expose 1.1500 (psychological level) and then 1.1534 (high Feb.3).