8 Nov 2013
EUR/USD hits fresh high but lacks momentum
FXstreet.com (Córdoba) - The EUR/USD is moving slightly higher during the European session, having spent most of the day in a range as investors continue to assess yesterday's ECB rate cut and gear up for the US NFP.
EUR/USD little affected by France downgrade, eyes NFP
The EUR/USD has traded within 1.3400/20 with only short-live moves out of that range, having fallen to a low of 1.3387 in the wake of France downgrade only to bounce toward a high of 1.3430 in recent dealings. Main attention remains on the US employment report with analysts forecasting a 125K gain versus 148K printed in September.
EUR/USD technical levels
At time of writing, EUR/USD is trading at the 1.3425 zone, a few pips above its opening price with immediate resistances at 1.3449 (post-ECB slump high) and 1.3480 (100-hour SMA). On the other hand, supports are seen at 1.3387 (daily low) and 1.3344 (100-day SMA) ahead of 1.3295 (Nov 7 low).
EUR/USD little affected by France downgrade, eyes NFP
The EUR/USD has traded within 1.3400/20 with only short-live moves out of that range, having fallen to a low of 1.3387 in the wake of France downgrade only to bounce toward a high of 1.3430 in recent dealings. Main attention remains on the US employment report with analysts forecasting a 125K gain versus 148K printed in September.
EUR/USD technical levels
At time of writing, EUR/USD is trading at the 1.3425 zone, a few pips above its opening price with immediate resistances at 1.3449 (post-ECB slump high) and 1.3480 (100-hour SMA). On the other hand, supports are seen at 1.3387 (daily low) and 1.3344 (100-day SMA) ahead of 1.3295 (Nov 7 low).