EURUSD: all eyes on NFP

FX:EURUSD   Euro / U.S. Dollar
The euro has established a recovery path and gas been trading with mostly bullish bias for a third week in a row. This comes amid some signs of USD rally exhaustion, as the greenback doesn’t already receive a strong boost from trade-war worries and the hawkish Fed.

The single currency rebound was fuelled these days by robust German data, with industrial orders and industrial production both came out much better than expected, which has partly alleviated concerns over the state of the euro area economy. The recent optimistic signals from the ECB added to the bullish pressure either.

Now, the market is focused on the upcoming US employment report. The data could attract USD buying interest should the numbers come out positive and confirm that the labor market remains tight and healthy. So, EURUSD could continue its corrective rebound from 2018 lows at 1.15 if only the numbers disappoint. In this case, the pair will challenge the 1.1720 intermediate resistances and may push to 1.1750, where profit-taking could take place.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out