7 Aug 2015
EUR/USD challenges highs near 1.0980
FXStreet (Edinburgh) - The buying interest around the single currency remains unabated on Friday, now lifting EUR/USD to test session peaks near 1.0980.
EUR/USD bounced off 1.0850
Auspicious results from the US labour market for the month of July have relegated spot to retreat towards weekly lows in the mid-1.0800s. However, buyers seem to have woken up around those levels and pushed the pair to test the upper band of the recent range around 1.0980.
Moving forwards to Monday’s calendar, Investor Confidence tracked by the Sentix index is only due in Euroland, while the Fed’s Labour Market Conditions Index will grab all the attention across the pond following today’s Non-farm Payrolls.
EUR/USD relevant levels
As of writing the pair is advancing 0.40% at 1.0969 facing the next up barrier at 1.0979 (high Aug.7) ahead of 1.0990 (high Aug.4) and finally 1.1080 (high Jul.29). On the other hand, a breach of 1.0855 (low Aug.7) would open the door to 1.0848 (low Aug.5) and then 1.0811 (low Jul.11).
EUR/USD bounced off 1.0850
Auspicious results from the US labour market for the month of July have relegated spot to retreat towards weekly lows in the mid-1.0800s. However, buyers seem to have woken up around those levels and pushed the pair to test the upper band of the recent range around 1.0980.
Moving forwards to Monday’s calendar, Investor Confidence tracked by the Sentix index is only due in Euroland, while the Fed’s Labour Market Conditions Index will grab all the attention across the pond following today’s Non-farm Payrolls.
EUR/USD relevant levels
As of writing the pair is advancing 0.40% at 1.0969 facing the next up barrier at 1.0979 (high Aug.7) ahead of 1.0990 (high Aug.4) and finally 1.1080 (high Jul.29). On the other hand, a breach of 1.0855 (low Aug.7) would open the door to 1.0848 (low Aug.5) and then 1.0811 (low Jul.11).