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31 Mar 2015
US NFP might disappoint consensus, long EUR/USD – GrowthAces
FXStreet (Barcelona) - The GrowthAces Research Team expects Friday’s US NFP to print a lower than expected figure which might result in a EUR/USD recovery.
Key Quotes
“The EUR continued to fall against the USD on Tuesday. Our long position reached the stop-loss level at 1.0780. Today’s rise in Eurozone inflation did not help the EUR.”
“Investors are waiting now for Friday’s U.S. non-farm payrolls. Our forecast for U.S. jobs numbers (230k) is slightly weaker than the median forecast (244k), which may trigger EUR recovery.”
“We are hunting for lower levels to get long again. The EUR/USD broke below the short-term trendline and the nearest support is at 1.0650 – daily low on March 20. We placed a buy offer at this level.”
“Resistance: 1.0900 (high Mar 30), 1.0949 (high Mar 27), 1.1052 (high Mar 26)”
“Support: 1.0651 (low Mar 20), 1.0618 (low Mar 19), 1.0600 (psychological level)”
Key Quotes
“The EUR continued to fall against the USD on Tuesday. Our long position reached the stop-loss level at 1.0780. Today’s rise in Eurozone inflation did not help the EUR.”
“Investors are waiting now for Friday’s U.S. non-farm payrolls. Our forecast for U.S. jobs numbers (230k) is slightly weaker than the median forecast (244k), which may trigger EUR recovery.”
“We are hunting for lower levels to get long again. The EUR/USD broke below the short-term trendline and the nearest support is at 1.0650 – daily low on March 20. We placed a buy offer at this level.”
“Resistance: 1.0900 (high Mar 30), 1.0949 (high Mar 27), 1.1052 (high Mar 26)”
“Support: 1.0651 (low Mar 20), 1.0618 (low Mar 19), 1.0600 (psychological level)”