- EUR/USD ends the week traped in a range below the 1.1000 figure.
- This Friday, the US Non-farm Payrolls (NFP) disappointed with only 136K vs. 145K forecast.
EUR/USD daily chart
The shared currency, on the daily chart, is in a downtrend below its main daily simple moving averages (DSMAs). Earlier this Friday, the US Non-Farm Payrolls came in lower-than-expected at 136K vs. 145K while wages at 2.9% vs. 3.2% forecast.
EUR/USD four-hour chart
The market is ranging within the 1.0960 and 1.1000 band. The market is challenging the 1.0985 resistance and a break beyond 1.1000 is needed for the October correction to move up towards the 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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