EUR/USD September 9 – Edging higher after the disappointing

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EUR/USD started the new week with a small gap lower, but quickly returned to the 1.3175 level, which serves as a magnet. It then continued higher, but quite carefully. After markets were already gearing up for QE tapering, the disappointing Non-Farm Payrolls in the US created a lot of confusion. With a light calendar today, markets will be digesting the NFP and also Draghi’s cautiousness.

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

EUR/USD Technical

  • In the Asian session, EUR/USD opened with a Sunday gap at 1.3155 but quickly closed the gap.

Current range: 1.3175 1.3240.

Further levels in both directions:EURUSD Technical Analysis September 9 2013 fundamental outlook and sentiment

  • Below: 11.3175, .31, 1.3050 and 1.30.
  • Above: 1.3175, 1.3240, 1.33, 1.3350, 1.3415, 1.3450, 1.3520, 1.3590 and 1.37.
  • On the upside,  1.3240 proved itself as support.
  • 1.3100 is holding on so far, but the pair is getting close.

EUR/USD Fundamentals

  • 8:30 Euro-zone Sentix Investor Confidence. Exp. -4 points. Actual 6.5.
  • US Consumer Credit. Exp. 12.7 billion.

* All times are GMT.

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

EUR/USD Sentiment

Further reading:

Get the 5 most predictable currency pairs

About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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