8 May 2015
EUR/USD retakes 1.1200
FXStreet (Edinburgh) - The common currency now manages to regain the 1.1200 handle vs. the greenback, pushing EUR/USD to the 1.1215/20 band.
EUR/USD attention to Payrolls
The pair continues to recover from the earlier EUR/GBP-induced drop to session lows near 1.1180, pushed lower following the increasing buying tone around the sterling as Conservatives keeps heading towards majority.
In the data universe, markets have already shrugged off poor trade balance figures from Germany, while attention turns to the US Non-farm Payrolls due later. Recall that consensus expects the economy to have created 225K jobs during April.
EUR/USD levels to consider
As of writing the pair is losing 0.42% at 1.1217 with the next support at 1.1182 (low May 8) followed by 1.1175 (low May 6) and finally 1.1100 (psychological level). On the flip side, a breakout of 1.1272 (high May 8) would aim for 1.1300 (psychological level) and then 1.1393 (high May 7).
EUR/USD attention to Payrolls
The pair continues to recover from the earlier EUR/GBP-induced drop to session lows near 1.1180, pushed lower following the increasing buying tone around the sterling as Conservatives keeps heading towards majority.
In the data universe, markets have already shrugged off poor trade balance figures from Germany, while attention turns to the US Non-farm Payrolls due later. Recall that consensus expects the economy to have created 225K jobs during April.
EUR/USD levels to consider
As of writing the pair is losing 0.42% at 1.1217 with the next support at 1.1182 (low May 8) followed by 1.1175 (low May 6) and finally 1.1100 (psychological level). On the flip side, a breakout of 1.1272 (high May 8) would aim for 1.1300 (psychological level) and then 1.1393 (high May 7).