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EUR/USD  has settled down in Friday trading after posting strong gains on Thursday. The pair is trading in the mid-1.36 range in Friday’s European session. As expected, the ECB maintained interest rates at 0.25%. Over in the US, unemployment claims dropped for the third straight week. There is only one Eurozone release on Friday, German Factory Orders. It’s a busy day in the US, with three key events – Non-Farm Payrolls, Unemployment Rate and UoM Consumer Sentiment.

Here is a quick update on the technical situation, indicators, and market sentiment that moves euro/dollar.

EUR/USD Technical

  • EUR/USD  showed little movement late  in the  Asian  session,  consolidating  at 1.3659.  The pair is unchanged in the European session.
  • Current range: 1.3650 to 1.3710.

Further levels in both directions:     EUR USD Daily Forecast Dec. 6th

  • Below: 1.3650, 1.3570, 1.3500, 1.3440, 1.34, 1.3320, 1.3240, 1.3175, 1.31 and  1.3050.
  • Above: 1.3710, 1.3800 and 1.3870.
  • 1.3650 is providing weak support. 1.3570 is next.
  • 1.3710 is the next line of resistance. The round number of 1.38 is stronger.

EUR/USD Fundamentals

  • 7:45 French Government Budget Balance.  Actual -86.0B.
  • 7:45 French  Trade Balance.  Exp. -5.1B. Actual -4.7B.
  • 11:00 German Factory Orders. Exp. -0.4%.
  • 13:30 US  Non-Farm Employment  Change.  Exp. 180K. See how to trade the NFP with EURUSD.
  • 13:30 US Unemployment Rate. Exp. 7.2%.
  • 13:30 US Average Hourly Earnings. Exp. 0.2%.
  • 13:30 US Core PCE Price Index. Exp. 0.1%.
  • 13:30 US Personal Spending. Exp. 0.3%.
  • 13:30 US Personal Income. Exp. 0.3%.
  • 14:55 US UoM Preliminary Consumer Sentiment. Exp. 76.2 points.
  • 14:55 US UoM Preliminary Inflation Expectations.
  • 20:00 US FOMC Member Charles Evans Speaks.
  • 20:00 US Consumer Credit. Exp. 14.6B.

 

*All times are GMT

For more events and lines, see the Euro to dollar forecast.

EUR/USD Sentiment