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1 Apr 2016
EUR/USD reverses post-NFP losses, back to 1.1400
EUR/USD recovered from daily lows and returned to positive ground for the day as the greenback failed to sustain nonfarm payrolls-inspired gains.
EUR/USD bottomed out at 1.1334 after the release of better-than-expected US employment data, but the dollar came under renewed pressure during the following hours and EUR/USD managed to climb back to the 1.1400 zone.
At time of writing, the pair is trading at 1.1401, 0.21% above its opening price and on track to post a weekly gain of over 2%.
The US dollar was under pressure and near 6 month lows against the euro, but took a breather after the US Labor Department reported a 215K job gain in March, which beat expectations of 205K.
EUR/USD levels to watch
In terms of technical levels. EUR/USD could find next resistances at 1.1437 (Apr 1 high) and 1.1494 (Oct 15 high). On the flip side, supports are seen at 1.1334 (Apr 1 low) and 1.1256 (10-day SMA).
EUR/USD bottomed out at 1.1334 after the release of better-than-expected US employment data, but the dollar came under renewed pressure during the following hours and EUR/USD managed to climb back to the 1.1400 zone.
At time of writing, the pair is trading at 1.1401, 0.21% above its opening price and on track to post a weekly gain of over 2%.
The US dollar was under pressure and near 6 month lows against the euro, but took a breather after the US Labor Department reported a 215K job gain in March, which beat expectations of 205K.
EUR/USD levels to watch
In terms of technical levels. EUR/USD could find next resistances at 1.1437 (Apr 1 high) and 1.1494 (Oct 15 high). On the flip side, supports are seen at 1.1334 (Apr 1 low) and 1.1256 (10-day SMA).