Euro easing from daily highs ahead of NFP on Friday

  • Market participants will pay close attention to the US Nonfarm Payrolls (NFP ) on Friday. 
  • The level to beat for buyers is the 1.1000 handle followed by the 1.1030 price level.

 

EUR/USD daily chart

 

The shared currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). Market participants will focus on the US Nonfarm Payrolls scheduled on Friday. 

 

 

EUR/USD four-hour chart

 

Since the start of October, the market has been rebounding from the 2019 lows. A break above the 1.1000 figure would expose the 1.1030 resistance, according to the Technical Confluences Indicator.

 

 

EUR/USD 30-minute chart

 

 

EUR/USD is trading above the main SMAs, suggesting bullish momentum in the near term. Immediate support is seen at the 1.0960, 1.0945 and 1.0906 price levels, according to the Technical Confluences Indicator. 

 

 

Additional key levels