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4 Feb 2016
EUR/USD unstoppable, 1.1200 closer
FXStreet (Edinburgh) - The European currency extends its buying interest today, now pushing EUR/USD to the 1.1180/85 band, fresh highs.
EUR/USD in 4-month highs
Spot keeps the needle-like upside alive during the second half of the week, now trading closer to the 1.1200 handle ahead of tomorrow’s critical Non-farm Payrolls in the US economy.
In the meantime, the pair’s upside keeps deriving support from the selling mood around the dollar, which remains unabated in light of US Initial Claims and Factory Orders, due later.
EUR/USD levels to watch
The pair is now advancing 0.59% at 1.1175 facing the next hurdle at 1.1200 (psychological level) ahead of 1.1496 (high Oct.15) and finally 1.1713 (post-PBoC high Aug.24). On the downside, a breach of 1.1054 (200-day sma) would open the door to 1.0906 (20-day sma) and finally 1.0777 (post-ECB low Jan.21).
Trade Nonfarm payrolls with FXStreet – Live Coverage
EUR/USD in 4-month highs
Spot keeps the needle-like upside alive during the second half of the week, now trading closer to the 1.1200 handle ahead of tomorrow’s critical Non-farm Payrolls in the US economy.
In the meantime, the pair’s upside keeps deriving support from the selling mood around the dollar, which remains unabated in light of US Initial Claims and Factory Orders, due later.
EUR/USD levels to watch
The pair is now advancing 0.59% at 1.1175 facing the next hurdle at 1.1200 (psychological level) ahead of 1.1496 (high Oct.15) and finally 1.1713 (post-PBoC high Aug.24). On the downside, a breach of 1.1054 (200-day sma) would open the door to 1.0906 (20-day sma) and finally 1.0777 (post-ECB low Jan.21).
Trade Nonfarm payrolls with FXStreet – Live Coverage