EUR/USD technical analysis: Euro trading at daily lows near 1.0960 post-NFP

 

 

The common currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). The US Non-Farm Payrolls came in at 136K vs. 145K for September with upward revisions and weak wages at 2.9% vs. 3.2% forecast. However, the USD is rising across the board. 

 

 

The market is choppy between the 1.0960 and 1.1000 figure. The market is having difficulty in overcoming the 100 SMA. A break below the 1.0960 level can expose the 1.0945 and 1.0906 supports, according to the Technical Confluences Indicator.

 

 

 

 

EUR/USD is trading between the 50 and 100 SMAs, suggesting a consolidation in the near term. Immediate resistances are seen at the 1.0974, 1.0985 and 1.1000 price levels, according to the Technical Confluences Indicator.