FXStreet — The demand for the common currency remains to the end of the week behavior, and so listed, the EUR/USD in the area of day-to-day deep to 1,0960.
EUR/USD focus on US Payrolls
The strong upward momentum against the Few faded slightly below the psychological mark of 1,1000, while the purchase of increases in interest against the Greenback.
The US Dollar Index (DXY) drops the 4. Week in a row, and yesterday’s profits over 99,00 were rapidly degraded.
Today, we expect the US NFP for April, at 180K are, while the unemployment rate according to the forecast of 4.6 %. However, the focus is mainly on the wage inflation, which will be in the Form of average hourly wages.
The Fed Chairman J. Yellen, and Vice Chairman S. Fischer will hold in addition to his Francisco Fed J. Williams (2018 voters, hawkish) and Boston Fed E. Rosengren (2019 voter, hawkish) will Speak.
• US NFP forecast: Who cares? The USD falls anyway
• EUR/USD target is now the 1,1098
EUR/USD significant levels
Currently, the daily loss of EUR -0.18% at 1,0964 and the next Resistances is at 1,0900 (2017 High-5. May) and 1.1000 (psychological level) and 1.1300 (High-9. November 2016). Currently, Resistances are at 1,0890 (23,6 % Fibo of the April to may rally), 1,0833 (200-day SMA) and 1,0819 (Deep 24. April).
** FXStreet News Editorial, FXStreet**