9 Jan 2015
EUR/USD inches higher ahead of US NFP numbers
FXStreet (Mumbai) - The single currency edged higher against the US dollar in the European morning, as markets now turn their attention towards the crucial US non-farm payrolls data due for release later in the day.
Currently, the EUR/USD pair trades marginally by 0.11% at 1.1805 levels, inching towards intraday high levels of 1.1815 posted earlier in the day. EUR/USD is expected to remain slightly elevated before payrolls as the US economy is expected to have added 240,000 jobs in December, down from 321,000 in November. Expectations of a downbeat jobs data are likely to keep the US dollar lower versus its major counterparts.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.19 levels, above which gains could be extended to 1.1969 (Jan 6 High) levels. On the flip side, support is seen at 1.1753, below which it could extend losses to 1.17 levels.
Currently, the EUR/USD pair trades marginally by 0.11% at 1.1805 levels, inching towards intraday high levels of 1.1815 posted earlier in the day. EUR/USD is expected to remain slightly elevated before payrolls as the US economy is expected to have added 240,000 jobs in December, down from 321,000 in November. Expectations of a downbeat jobs data are likely to keep the US dollar lower versus its major counterparts.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.19 levels, above which gains could be extended to 1.1969 (Jan 6 High) levels. On the flip side, support is seen at 1.1753, below which it could extend losses to 1.17 levels.