- The pair remains under pressure around the 1.1500 neighbourhood.
- The greenback stays sidelined still below 96.00.
- US Non-farm Payrolls expected to come at 187K in September.
The shared currency remains under scrutiny at the end of the week while EUR/USD keeps orbiting around the 1.1500 handle.
EUR/USD looks to NFP, Italy
Spot remains under pressure on Friday, alternating gains with losses amidst rising cautiousness ahead of the publication of US Payrolls and some renewed jitters over Italian politics.
In fact, the pair’s positive performance on Thursday came after optimistic news from the ECB, although the bullish attempt run out of steam in the 1.1540/45 band, motivating the subsequent move back below 1.1500 the figure.
Looking ahead, the critical monthly report on the US labour market is due, with consensus expecting the economy to have added almost 190K jobs during September. In addition, the jobless rate is seen at 3.8% and Average Hourly Earnings are seen expanding at a monthly 0.3%.
EUR/USD levels to watch
At the moment, the pair is losing 0.07% at 1.1507 facing the next support at 1.1463 (low Sep.4) seconded by 1.1449 (50% Fibo of the 2017-2018 up move) and finally 1.1299 (2018 low Aug.15). On the flip side, a break above 1.1542 (high Oct.4) would target 1.1613 (10-day SMA) en route to 1.1637 (21-day SMA).
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