USD under pressure across the board after NFP report - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik notes that the dollar remains under pressure across the board, as the market reaction to the decent but unspectacular Nonfarm Payrolls report was not enough to support it.

Key quotes

"The EUR/USD hourly chart shows price holding above the 20 SMA, and indicators aiming higher around their midlines, with price retracing some from 1.3676, a couple pips above the 61.8% retracement of this year bullish run."

"In the 4 hours technical indicators present a bullish tone, yet unless a break above mentioned 1.3680 is required to confirm further gains towards 1.3750 price zone."