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EUR/USD limited direction ahead of key NFP - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that EUR/USD pair found some support overnight in bleeding stocks as US share markets fell below last week low before erasing half their losses and bringing a more quiet US session.

Key Quotes:

“But US Index remains near its 4-year high, having trimmed also intraday losses, on the back of US spending and income data for August supporting the view of a steady domestic economic growth”.

“At the end of the day, the market still likes the greenback, albeit ranges prevailed amid upcoming macroeconomic first line data later on the week”.

“As for the EUR/USD, the pair fell as low as 1.2663 and found sellers at 1.2714 daily high”.

“Trend definitions will hardly come on Tuesday, with some extension either side of the mentioned range to be also limited ahead of ECB and US Payrolls later this week”.

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