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September US NFP gains should be in 215-225K region - Alberto Muñoz

FXStreet (Łódź) - Alberto Muñoz,Forex Analyst at FXStreet suggests that despite the disappointing August reading, US job gains in September should come in at 215 - 225K while the unemployment rate remains unchanged at 6.1%.

Key quotes

"September figures will be probably in line with expectations, so we will have to pay close attention to the revision of August data as any downward revision would be bearish for the greenback, pushing EUR/USD higher to test the key 1.2750 - 1.2800 resistance area."

"Otherwise a good employment report will increase the bearish pressure on EUR/USD, breaking short term support levels to test the important support at 1.2440."

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