OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD keeps lows around 1.1160

FXStreet (Edinburgh) - The shared currency remains entrenched in the red territory vs. the dollar at the end of the week, with EUR/USD navigating the 1.1160 area, or session lows.

EUR/USD vulnerable ahead of Payrolls

Spot remains on the defensive camp on Friday, currently retreating for the third consecutive week after the rejection from recent peaks in the 1.1460 area. The recent hawkish comments by San Francisco Fed J.Williams have re-ignited the bid tone around USD, dragging the pair lower from the recent vicinity of the 1.1200 handle.

Next of relevance will be the critical US Non-farm Payrolls for the month of September, expected at 203K, followed by Factory Orders and the speech by Fed Vice Chairman S.Fischer.

EUR/USD levels to watch

As of writing the pair is losing 0.29% at 1.1163 and a breakdown of 1.1116 (low Sep.25) would aim for 1.1105 (low Sep.22) and then 1.1057 (low Aug.12). On the other hand, the initial resistance aligns at 1.1260 (high Sep.30) ahead of 1.1281 (high Sep.29) and finally 1.1296 (high Sep.24).

US: Non farm payroll forecast – Danske Bank

Research Team at Danske Bank, suggest that today's key event is the US is non-farm payroll report and they expect a slowdown in job growth in September to 180,000 and even though this is slower than the recent trend, it is still enough, if sustained, to put additional downward pressure on the unemployment rate.
Read more Previous

USD/JPY advancing to daily tops near 120.30

The upbeat tone around the greenback remains unabated on Friday, now sending USD/JPY to intraday peaks around 120.20/30...
Read more Next
Start livechat