Strong Nonfarm Payrolls Could Push EUR/USD Lower

opened at 1.1300 after resisting higher US yields. The range in Asia so far has been 1.1290/1.1301 as the market waits for US jobs reports. Resistance is at the 21-day MA at 1.1306, with key resistance at 55-day MA at 1.1374. Support is at a double-bottom at 1.1270/75, with bids tipped at 1.1280. EUR/USD will likely consolidate ahead of US later today. A strong jobs number will likely result in EUR/USD's downtrend resumption. EUR/USD daily price chart. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Strong Nonfarm Payrolls Could Push EUR/USD Lower

opened at 1.1300 after resisting higher US yields. The range in Asia so far has been 1.1290/1.1301 as the market waits for US jobs reports.

Resistance is at the 21-day MA at 1.1306, with key resistance at 55-day MA at 1.1374. Support is at a double-bottom at 1.1270/75, with bids tipped at 1.1280.

EUR/USD will likely consolidate ahead of US later today. A strong jobs number will likely result in EUR/USD's downtrend resumption.

EUR/USD daily price chart.

EUR/USD daily price chart.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.