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EUR/USD Technical Analysis: Make-or-Break for the US Dollar ahead of the NFP

EUR/USD daily chart

  • EUR/USD is in a bear trend below the 200-day simple moving average (SMA) as the single currency is trapped between 1.1300 and 1.1400 figures.
  • The US Nonfarm Payrolls (NFP) is scheduled at 13.30 GMT and can lead to extreme volatility in the forex market.

EUR/USD 4-hour chart

  • EUR/USD reclaimed the 50, 100 and 200 SMAs.
  • If the 1.1400 resistance break, EUR/USD can have a potential breakout to 1.1475 level and 1.1600 figure.

EUR/USD 30-minute chart

  • The market is in a tight range ahead of the NFP.  
  • If 1.1360 holds bulls can potentially launch the euro to 1.1600 figure.  
  • Alternatively, 1.1320 and 1.1300 levels are the downside support.

Additional key levels

EUR/USD

Overview:
       Today Last Price:  1.1371
       Today Daily change:  -11  pips
       Today Daily change %:  -0.0966%
       Today Daily Open:  1.1382
Trends:
       Previous Daily SMA20:  1.1349
       Previous Daily SMA50:  1.1421
       Previous Daily SMA100:  1.1518
       Previous Daily SMA200:  1.1746
Levels:
       Previous Daily High:  1.1413
       Previous Daily Low:  1.1321
       Previous Weekly High:  1.1402
       Previous Weekly Low:  1.1267
       Previous Monthly High:  1.15
       Previous Monthly Low:  1.1216
       Previous Daily Fibonacci 38.2%:  1.1378
       Previous Daily Fibonacci 61.8%:  1.1356
       Previous Daily Pivot Point S1:  1.1331
       Previous Daily Pivot Point S2:  1.128
       Previous Daily Pivot Point S3:  1.124
       Previous Daily Pivot Point R1:  1.1423
       Previous Daily Pivot Point R2:  1.1464
       Previous Daily Pivot Point R3:  1.1515

 

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