9 Jan 2015
An upbeat NFP may drive EUR/USD back to 1.1753 – FXStreet
FXStreet (Barcelona) - According to Valeria Bednarik, Chief Analyst at FXStreet, an in line or higher than the expected(240k) US NFP print might lead the EUR/USD pair towards its multiyear low of 1.1753, a break below which might bring 1.1700 levels in sight.
Key Quotes
“For today, market expectations are of a 240K jobs added in December in the US, and of unemployment rate ticking lower to 5.7%. Readings in line or above expected, should keep the dollar on the winning side, and drive the EUR/USD back to its multiyear low of 1.1753 posted earlier this week, with a break below exposing the 1.1700 price zone."
"A disappointing number on the other hand may see the pair advancing towards the 1.1860 price zone, and even up to 1.1900, where selling interest is expected to resume.”
Key Quotes
“For today, market expectations are of a 240K jobs added in December in the US, and of unemployment rate ticking lower to 5.7%. Readings in line or above expected, should keep the dollar on the winning side, and drive the EUR/USD back to its multiyear low of 1.1753 posted earlier this week, with a break below exposing the 1.1700 price zone."
"A disappointing number on the other hand may see the pair advancing towards the 1.1860 price zone, and even up to 1.1900, where selling interest is expected to resume.”