10 Aug 2015
EUR/USD wobbles around 1.0970
FXStreet (Edinburgh) - The shared currency is trading almost unchanged vs. the greenback at the beginning of the week, with EUR\USD currently hovering over the 1.0970 area.
EUR/USD consolidating post-Payrolls
After the choppy session on Friday, spot has managed to recover from the decent support area around the mid-1.0800s following US Payrolls (215K in July) to the current consolidative pattern in the 1.0970 region ahead of the opening bell in Euroland.
In the data front, Investor Confidence in the euro area tracked by the Sentix Index is only due, while the Labour Market Conditions Index will see the light across the pond. In addition, speeches by Fed’s Fischer and Lockhart will also be in the limelight.
EUR/USD relevant levels
As of writing the pair is advancing 0.06% at 1.0971 facing the next up barrier at 1.0979 (high Aug.7) ahead of 1.0990 (high Aug.4) and finally 1.1080 (high Jul.29). On the other hand, a breach of 1.0855 (low Aug.7) would open the door to 1.0848 (low Aug.5) and then 1.0811 (low Jul.11).
EUR/USD consolidating post-Payrolls
After the choppy session on Friday, spot has managed to recover from the decent support area around the mid-1.0800s following US Payrolls (215K in July) to the current consolidative pattern in the 1.0970 region ahead of the opening bell in Euroland.
In the data front, Investor Confidence in the euro area tracked by the Sentix Index is only due, while the Labour Market Conditions Index will see the light across the pond. In addition, speeches by Fed’s Fischer and Lockhart will also be in the limelight.
EUR/USD relevant levels
As of writing the pair is advancing 0.06% at 1.0971 facing the next up barrier at 1.0979 (high Aug.7) ahead of 1.0990 (high Aug.4) and finally 1.1080 (high Jul.29). On the other hand, a breach of 1.0855 (low Aug.7) would open the door to 1.0848 (low Aug.5) and then 1.0811 (low Jul.11).