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6 Feb 2015
EUR/USD accelerates to 1.1460
FXStreet (Edinburgh) - The common currency is now gathering steam vs. its American counterpart, pushing EUR/USD to the area of 1.1460.
EUR/USD bounces off 1.1430
In quite a choppy session pre-Payrolls, the pair manages to remain above the 1.1400 handle, coming down from 3-week peaks in the mid-1.1500s. All the focus of course on the US Non-farm Payrolls due later, with consensus expecting the economy to have added 234K jobs during the past month and the unemployment rate to remain unchanged at 5.6%.
A disappointing result today could well see the 1.1500 surroundings retested, and possibly an extension of the leg higher beyond the mid-1.1500s.
EUR/USD significant levels
As of writing the pair is losing 0.25% at 1.1456 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 bounces off 1.1430
In quite a choppy session pre-Payrolls, the pair manages to remain above the 1.1400 handle, coming down from 3-week peaks in the mid-1.1500s. All the focus of course on the US Non-farm Payrolls due later, with consensus expecting the economy to have added 234K jobs during the past month and the unemployment rate to remain unchanged at 5.6%.
A disappointing result today could well see the 1.1500 surroundings retested, and possibly an extension of the leg higher beyond the mid-1.1500s.
EUR/USD significant levels
As of writing the pair is losing 0.25% at 1.1456 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).