The common currency remains buoyant above the 1.1400 handle on Thursday, withEUR/USD attempting to consolidate around 1.1430.
EUR/USD capped at 1.1460
The favourable context to the risk appetite is once again sustaining the current upside in EUR, offsetting the disappointment from the meeting between Greek finmin Y.Varoufakis and German finmin W.Shchauble. In the meantime, and as some sort of response to today’s setback in the negotiations, people continue to gather in Athens for tonight’s anti-austerity demonstrations.
Moving forwards to tomorrow’s releases, US Non-farm Payrolls will undoubtedly be the main highlight, with surveys expecting the US economy to have created 234K jobs during the last month.
EUR/USD significant levels
As of writing the pair is up 0.40% at 1.1437 with the initial hurdle at 1.1480 (76.4% of 1.1534-1.1304) ahead of 1.1508 (21-d MA) and finally 1.1534 (high Feb.3). On the flip side, a drop beyond 1.1369 (100-h MA) would expose 1.1339 (200-h MA) and then 1.1300 (psychological level).
EUR/USD capped at 1.1460
The favourable context to the risk appetite is once again sustaining the current upside in EUR, offsetting the disappointment from the meeting between Greek finmin Y.Varoufakis and German finmin W.Shchauble. In the meantime, and as some sort of response to today’s setback in the negotiations, people continue to gather in Athens for tonight’s anti-austerity demonstrations.
Moving forwards to tomorrow’s releases, US Non-farm Payrolls will undoubtedly be the main highlight, with surveys expecting the US economy to have created 234K jobs during the last month.
EUR/USD significant levels
As of writing the pair is up 0.40% at 1.1437 with the initial hurdle at 1.1480 (76.4% of 1.1534-1.1304) ahead of 1.1508 (21-d MA) and finally 1.1534 (high Feb.3). On the flip side, a drop beyond 1.1369 (100-h MA) would expose 1.1339 (200-h MA) and then 1.1300 (psychological level).
