EUR/USD moves to session highs above 1.1430, Payrolls eyed

The pair gathers further traction above the 1.1400 hanlde.
The selling bias around the buck stays unabated so far.
US Non-farm Payrolls will be the salient event later today.

Pablo Piovano FXStreet

The upbeat tone around the European currency remains well and sound at the end of the week and is now pushing EUR/USD to fresh daily highs beyond 1.1430.

EUR/USD up on trade talks, Brexit, looks to NFP

Spot is advancing for the second consecutive session so far on Friday, fully reverting the negative mood seen during the first half of the week and retaking the 1.1400 handle always amidst a renewed sell off in the greenback and the subsequent better mood in the risk-associated universe.

In fact, sellers around the buck stepped in on Thursday following auspicious headlines around the Brexit negotiation, although the selling mood intensified later following easing trade tensions between China and the US.

Today, all the attention will be on the monthly report on the US labour market, where consensus sees the economy to have created more than 190K jobs during last month. In Euroland, final manufacturing PMIs are also due.

EUR/USD levels to watch

At the moment, the pair is up 0.29% at 1.1441 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).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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