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6 Aug 2015
EUR/USD stays at lows sub-1.0900
FXStreet (Córdoba) - EUR/USD is trading lower on the day with the most-traded pair in the FX market taking the backseat to GBP super Thursday while investors gear up for Friday’s US nonfarm payrolls report.
EUR/USD reached a daily peak of 1.0943 during the European session but failed to sustain gains and slid back below the 1.0900 level to a fresh low of 1.0873, with the dollar strengthening slightly on the back of US jobless claims data. At time of writing, the pair is trading at 1.0880, recording a 0.22% loss on the day.
Investors’ attention now turns to Friday’s nonfarm payroll report for clues to see whether the Fed is ready to raise rates, with consensus calling for a 222K job gain in July following June’s 223K.
EUR/USD key levels
As for technical levels, EUR/USD could find next supports at 1.0847 (Aug 5 low), 1.0808 (Jul 20 low) and 1.0784 (Apr 24 low). On the other hand, resistances are seen at 1.0943 (Aug 5 high), 1.0987 (Aug 4 low) and 1.1029 (100-day SMA).
EUR/USD reached a daily peak of 1.0943 during the European session but failed to sustain gains and slid back below the 1.0900 level to a fresh low of 1.0873, with the dollar strengthening slightly on the back of US jobless claims data. At time of writing, the pair is trading at 1.0880, recording a 0.22% loss on the day.
Investors’ attention now turns to Friday’s nonfarm payroll report for clues to see whether the Fed is ready to raise rates, with consensus calling for a 222K job gain in July following June’s 223K.
EUR/USD key levels
As for technical levels, EUR/USD could find next supports at 1.0847 (Aug 5 low), 1.0808 (Jul 20 low) and 1.0784 (Apr 24 low). On the other hand, resistances are seen at 1.0943 (Aug 5 high), 1.0987 (Aug 4 low) and 1.1029 (100-day SMA).