3 Apr 2015
EUR/USD wobbling around 1.1000
FXStreet (Edinburgh) - The single currency keeps the buoyant tone vs. the beleaguered greenback on Good Friday, with EUR/USD hovering over the 1.1000 key barrier.
EUR/USD extends the recovery
The pair managed to regain levels beyond 1.1000 the figure seen after the spike post-FOMC on March 18, climbing as high as the 1.1030 area following the grim US Payrolls during the last month. The US economy failed to meet expectations in March, adding 126K jobs vs. forecasts for 244K.
On the bright side of today’s release the market places the 0.2% gain in the Average Hourly Earnings, although the annual advance of 2.1% seems somehow ‘short’ when compared with previous periods.
EUR/USD levels to watch
At the moment the pair is up 0.97% at 1.0988 and a surpass of 1.1028 (high Apr.3) would aim for 1.1052 (high Mar.26) en route to 1.1062 (high Mar.18). On the flip side, the initial support lines up at 1.0873 (10-d MA) followed by 1.0864 (low Apr.2) and then 1.0800 (psychological level).
EUR/USD extends the recovery
The pair managed to regain levels beyond 1.1000 the figure seen after the spike post-FOMC on March 18, climbing as high as the 1.1030 area following the grim US Payrolls during the last month. The US economy failed to meet expectations in March, adding 126K jobs vs. forecasts for 244K.
On the bright side of today’s release the market places the 0.2% gain in the Average Hourly Earnings, although the annual advance of 2.1% seems somehow ‘short’ when compared with previous periods.
EUR/USD levels to watch
At the moment the pair is up 0.97% at 1.0988 and a surpass of 1.1028 (high Apr.3) would aim for 1.1052 (high Mar.26) en route to 1.1062 (high Mar.18). On the flip side, the initial support lines up at 1.0873 (10-d MA) followed by 1.0864 (low Apr.2) and then 1.0800 (psychological level).