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Forex: EUR/USD hovering over 1.3100, NFP eyed

FXstreet.com (Barcelona) - The bloc currency is gyrating around the key mark at 1.3100 pre-Payrolls, keeping the narrow range with upside attempts faltering around 1.3140 so far.

“We generally feel that the broader 1.28/1.32 range will prevail for a little longer as the markets seem to be bereft of a broader theme or driver to extend that range. Even in the event of a poor jobs number today, we think EUR/USD gains through 1.32 will have a hard time sticking at the moment”, suggested FX Strategists G.Moore and S.Osborne at TD Securities.

The cross is now advancing 0.34% at 1.3109 and a surpass of 1.3220 (high May 2) would open the door to 1.3231 (daily cloud top) and then 1.3243 (high May 1).
On the flip side, support levels line up at 1.3051 (low May 3) ahead of 1.3037 (low May 2) and then 1.3015 (low Apr.29).

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