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4 Sep 2015
EUR/USD stuck around 1.1140
FXStreet (Edinburgh) - The single currency is posting decent gains vs. the greenback on Friday, with EUR/USD currently meandering the 1.1140 area.
EUR/USD attention to NFP
After bottoming out in the 1.1090 area post-Draghi’s press conference on Thursday, the pair has managed to recover the 1.1100 handle and keep the trade in the 1.1130/40 band so far, as the lull pre-Payrolls has started to take over market sentiment.
Data wise in the euro region, German Factory Orders disappointed investors during July, contracting at a monthly pace of 1.4% after June’s sharp 2.0% advance. Next of significance for the pair will be the Non-farm Payrolls across the pond, with consensus expecting the economy to have created 220K during last month.
EUR/USD key levels
At the moment the pair is up 0.22% at 1.1147 and a breakout of 1.1294 (high Sep.2) would target 1.1320 (high Sep.2) and finally 1.1333 (high Sep.1). On the flip side, the immediate support aligns at 1.1086 (low Sep.3) followed by 1.1057 (low Aug.12) and then 1.1017 (low Aug.20).
EUR/USD attention to NFP
After bottoming out in the 1.1090 area post-Draghi’s press conference on Thursday, the pair has managed to recover the 1.1100 handle and keep the trade in the 1.1130/40 band so far, as the lull pre-Payrolls has started to take over market sentiment.
Data wise in the euro region, German Factory Orders disappointed investors during July, contracting at a monthly pace of 1.4% after June’s sharp 2.0% advance. Next of significance for the pair will be the Non-farm Payrolls across the pond, with consensus expecting the economy to have created 220K during last month.
EUR/USD key levels
At the moment the pair is up 0.22% at 1.1147 and a breakout of 1.1294 (high Sep.2) would target 1.1320 (high Sep.2) and finally 1.1333 (high Sep.1). On the flip side, the immediate support aligns at 1.1086 (low Sep.3) followed by 1.1057 (low Aug.12) and then 1.1017 (low Aug.20).