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  • The pair’s upside momentum stays unchanged around 1.1450.
  • The greenback stays under pressure near the 96.00 handle.
  • Trade, Payrolls driving the sentiment so far today.

The downside bias around the greenback remains intact during the second half of the week and is now sustaining the ongoing rebound in EUR/USD to the 1.1450/60 band, or multi-day peaks.

EUR/USD now looks to data

The pair keeps the upside momentum intact on Friday, extending the recent breakout of the key barrier at 1.1400 the figure and printing fresh multi-day peaks in the 1.1450/60 band.

The renewed and strong selling mood around the greenback continues to be the main driver of the up move in spot from recent lows in the 1.1300 neighbourhood. In fact, diminishing trade jitters around US and China sparked a sell off in the buck, which have been intensified on rising optimism of a potential Brexit deal at some point by the end of the month.

Data wise in Euroland, German, Italian and EMU final manufacturing PMIs surprised to the downside in October, although markets remained apathetic on the releases.

Looking ahead, US job creation and wage inflation during last month will be in the limelight later in the US docket.

EUR/USD levels to watch

At the moment, the pair is up 0.36% at 1.1449 facing the next hurdle at 1.1466 (21-day SMA) seconded by 1.1508 (low May 29) and finally 1.1550 (high Oct.22). On the other hand, a break below 1.1398 (10-day SMA) would target 1.1334 (low Oct.26) en route to 1.1316 (200-week SMA