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2 Apr 2015
EUR/USD toying with 1.0900
FXStreet (Edinburgh) - EUR/USD continues its relentless march north on Thursday, gearing up for another assault to the 1.0900 key barrier.
EUR/USD focus on US Payrolls
The bid tone around the euro remained intact on Thursday, despite the auspicious releases in the US economy, where weekly Claims dropped further than expected ahead of the Non-farm Payrolls for the month of March due tomorrow. Recall that prior surveys expect the US economy to have added 244K jobs during March, down from February’s 295K.
In the same tone, the pair managed to isolate from the increasing noise surrounding Greece as of late, with officials confirming and denying news and rumours regarding the list of reforms recently submitted by the Government and the likeliness that the country could run out of money in the upcoming days.
EUR/USD levels to watch
As of writing the pair is up 1.19% at 1.0891 and a surpass of 1.0906 (high Mar.31) would aim for 1.0949 (high Mar.27) and then 1.1052 (high Mar.26). On the downside, the immediate support lies at 1.0865 (10-d MA) ahead of 1.0802 (hourly low apr.2) and finally 1.0783 (21-d MA).
EUR/USD focus on US Payrolls
The bid tone around the euro remained intact on Thursday, despite the auspicious releases in the US economy, where weekly Claims dropped further than expected ahead of the Non-farm Payrolls for the month of March due tomorrow. Recall that prior surveys expect the US economy to have added 244K jobs during March, down from February’s 295K.
In the same tone, the pair managed to isolate from the increasing noise surrounding Greece as of late, with officials confirming and denying news and rumours regarding the list of reforms recently submitted by the Government and the likeliness that the country could run out of money in the upcoming days.
EUR/USD levels to watch
As of writing the pair is up 1.19% at 1.0891 and a surpass of 1.0906 (high Mar.31) would aim for 1.0949 (high Mar.27) and then 1.1052 (high Mar.26). On the downside, the immediate support lies at 1.0865 (10-d MA) ahead of 1.0802 (hourly low apr.2) and finally 1.0783 (21-d MA).