Eur/usd - page 403
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
EUR/USD: Pairs Rebounds From 1-Mth Low Ahead Services PMIs The greenback rally fizzled out in the latter half of a v-shaped session on Wednesday, allowing its European counterpart to rebound from a one-month low seen during the day.
The single currency managed to trade around $1.0870, showing little change on the day, having rebounded from as low as $1.0826 earlier on Wednesday, where it fell for the first time since late January.
The rallying dollar took its cue from a forecast-beating reading on private sector jobs creation released by ADP, but traders pared their positions as the session was winding down, in preparation for more top-shelf indicators released on Thursday.
First, a series of services PMIs from all corners of the EU will shape moods, then US jobless claims, labor productivity numbers and lastly and most importantly, the non-manufacturing index from the Institute from Supply Management will round out Thursday.
The services industries on both sides of the Atlantic have been relatively healthy, but the US has seen a marked slowdown in recent months with analysts expecting another modest slippage in the headline indicator to 53.1, a fresh two-year low.
read more
French ILO Q4 unemployment rate 10.3% vs 10.5% exp
The data comes from the International Labour Organization
Welcome news but not going to have any impact at this time.
EURUSD still trawling around 1.0860 EURGBP likewise around 0.7712. EURJPY off its tops as USDJP once again finds sellers above 114.20
The bear rally in the EUR/USD seems to have dried up as we can see less volume in the last few days. This could mean a change in trend. If price manages to climb above 1.1050 and close above we have a strong confirmation that a bull trend is forming.
Yesterday the EURUSD initially fell but found enough buying pressure to turn north again and closed near the high of the day, however closed within the previous day range, suggesting a weak bullish momentum.
The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
The key levels to watch are: A daily resistance at 1.1097, the 200-day moving average at 1.1019 (resistance), 50-day moving average at 1.0987 (resistance), the 10-day moving average at 1.0942 (resistance), a daily resistance at 1.0900 and a daily support at 1.0819.
The single currency marked a neutral session after choppy trade on Wednesday. The session started at 1.0865 and closed with only 2 pips higher. The graphics continue to develop under moving averages, while the index of relative strength remained on neutral territory. If the downward trend of the last few sessions continue, we can expect a breakthrough of levels at 1.0810.
EUR/USD has rebounded back to over 1.0900 and now the next level will be test the resistance 1.100 maybe by the help of tomorrow's NFP this level can be broken.
Nice hunting today, the EUR/USD moving up to the resistance level at the 1.1001.
EUR/USD: Pair Still Below Key Resistance The EUR/USD pair was consolidating after Thursday's rise and was spotted flattish around $1.0945 during the EU session, with further volatility expecting later in the day.
The focus is of course on today's US labor market data, with the payrolls expected to rise from 151,000 to 195,000. The unemployment rate should remain unchanged at 4.9% for February.
However, wage growth figures will be the most important from today's release. The monthly change should moderate to 0.2% from 0.5% previously, while the yearly change is projected to remain strong at 2.5%.
"There has been some debate as to whether today’s number could shift the dial with respect to a March rate rise, but given recent volatility it’s safe to assume it probably won’t. Some might argue that a March rate hike remains on the table, but it isn’t really, especially since the ECB will probably ease monetary policy further next week. This would suggest that any Fed rate rise that might be on the table is more likely to stay there and gather dust," Michael Hewson, chief market analyst at CMC Markets UK, said in an email on Friday.
There is currently only around a 10% chance of the Federal Reserve hiking rates at this month's meeting, according to the US interest rate derivatives. Therefore, the March rate hike looks very unlikely.
read more
Yesterday the EURUSD initially rallied with a wide range and closed near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.
The pair is trading below the 10, 50 and the 200-day moving averages that are acting as dynamic resistances.
We may expect high volatility today due to the US nonfarm and unemployment data.
The key levels to watch are: A daily resistance at 1.1097, the 200-day moving average at 1.1019 (resistance), 50-day moving average at 1.0992 (resistance), the 10-day moving average at 1.0941 (resistance), a daily support at 1.0900 and other daily support at 1.0819.
EURUSD has 1.1000 in its sights ahead of NFPs It's been another good session for the euro on talk of limited ECB action
EURUSD has posted 1.0989 with decent sell interest and technical resistance at 1.1000 capping further rallies for the moment. EURGBP finally got the leg-up through 0.7750 to post 0.7773 so far. Offers nearby at 0.7785 and stronger into 0.7800 also capping the rallies at the moment as traders take a bit of money ahead of the US NFPs at 13.30 GMT.
If EURGBP falls back then expect GBPUSD to try and play a little catch-up as long as EURUSD remains underpinned.
EURJPY has taken out the 125.00 offers to post 125.07 which has kept the bid under USDJPY.
source