Home EUR/USD technical analysis: Euro trading mixed after the US NFP, sub-1.0985 level
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EUR/USD technical analysis: Euro trading mixed after the US NFP, sub-1.0985 level

  • Earlier, the US Non-farm Payrolls (NFP) came below expectations at 136K vs. 145K forecast.
  • EUR/USD is trading sideways below the 1.1000 figure.  

 

EUR/USD daily chart

 
The shared currency, on the daily chart, is trading in a downtrend below the main daily simple moving averages (DSMAs). The US Non-Farm Payrolls disappointed at 136K vs. 145K for September with while wages came in at 2.9% vs. 3.2% forecast.  
 

EUR/USD four-hour chart

 
The market is trading sideways within the 1.0960 and 1.1000 range. The market is testing the 1.0985 resistance. A break of 1.1000 is necessary for the Octobre correction to extend towards 1.1030 resistance, according to the Technical Confluences Indicator.
 
 

EUR/USD 30-minute chart

 
 
EUR/USD is trading above the main SMAs, suggesting bullish momentum in the near term. Immediate support is seen at the 1.0974 and 1.0960 price levels, according to the Technical Confluences Indicator.  
 
 

Additional key levels

 

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