EUR/USD Technical Analysis: Make-or-Break for the US Dollar ahead of the NFP

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EUR/USD daily chart

  • EUR/USD is in a bear trend below the 200-day simple moving average (SMA) as the single currency is trapped between 1.1300 and 1.1400 figures.
  • The US Nonfarm Payrolls (NFP) is scheduled at 13.30 GMT and can lead to extreme volatility in the forex market.


	EUR/USD Technical Analysis: Make-or-Break for the US Dollar ahead of the NFP

EUR/USD 4-hour chart

  • EUR/USD reclaimed the 50, 100 and 200 SMAs.
  • If the 1.1400 resistance break, EUR/USD can have a potential breakout to 1.1475 level and 1.1600 figure.


	EUR/USD Technical Analysis: Make-or-Break for the US Dollar ahead of the NFP

EUR/USD 30-minute chart

  • The market is in a tight range ahead of the NFP. 
  • If 1.1360 holds bulls can potentially launch the euro to 1.1600 figure. 
  • Alternatively, 1.1320 and 1.1300 levels are the downside support.


	EUR/USD Technical Analysis: Make-or-Break for the US Dollar ahead of the NFP

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1371
    Today Daily change: -11 pips
    Today Daily change %: -0.0966%
    Today Daily Open: 1.1382
Trends:
    Previous Daily SMA20: 1.1349
    Previous Daily SMA50: 1.1421
    Previous Daily SMA100: 1.1518
    Previous Daily SMA200: 1.1746
Levels:
    Previous Daily High: 1.1413
    Previous Daily Low: 1.1321
    Previous Weekly High: 1.1402
    Previous Weekly Low: 1.1267
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1378
    Previous Daily Fibonacci 61.8%: 1.1356
    Previous Daily Pivot Point S1: 1.1331
    Previous Daily Pivot Point S2: 1.128
    Previous Daily Pivot Point S3: 1.124
    Previous Daily Pivot Point R1: 1.1423
    Previous Daily Pivot Point R2: 1.1464
    Previous Daily Pivot Point R3: 1.1515

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