EUR/USD volatile around 1.1480 post-Payrolls

  • The pair keeps famniliar ranges following US NFP.
  • The greenback keeps the consolidation in the mid-95.00s.
  • US Non-farm Payrolls came in above expectations at 304K.

EUR/USD keeps the daily range intact around the 1.1460 region following the release of Non-farm Payrolls.
EUR/USD unchanged post-NFP
The pair sticks to the positive territory on Friday after the US economy created 304K jobs during January, well above estimates at 165K and up from December's 222K (revised from 312K). Additional data showed the unemployment rate ticked higher to 4.0%.

Furthermore, the critical Average Hourly Earnings – a proxy for wage inflation – expanded at a monthly 0.1% (vs. 0.4% forecasted) and 3.2% from a year earlier.

EUR/USD levels to watch

At the moment, the pair is gaining 0.10% at 1.1456 facing the next hurdle at 1.1514 (high Jan.31) seconded by 1.1515 (50% Fibo of the September-November drop) and finally 1.1569 (2019 high Jan.9). On the other hand, a break below 1.1434 (low Feb.1) would target 1.1422 (21-day SMA) en route to 1.1390 (55-day SMA).

	EUR/USD volatile around 1.1480 post-Payrolls


Please enter your comment!
Please enter your name here