EUR/USD Technical Analysis: Make-or-Break for the US Dollar ahead of the NFP

Flavio Tosti Independent Analyst

EUR/USD daily chart

EUR/USD is in a bear trend below the 200-day simple moving average (SMA) as the single currency is trapped between 1.1300 and 1.1400 figures.
The US Nonfarm Payrolls (NFP) is scheduled at 13.30 GMT and can lead to extreme volatility in the forex market.

EUR/USD 4-hour chart

EUR/USD reclaimed the 50, 100 and 200 SMAs.
If the 1.1400 resistance break, EUR/USD can have a potential breakout to 1.1475 level and 1.1600 figure.

EUR/USD 30-minute chart

The market is in a tight range ahead of the NFP.
If 1.1360 holds bulls can potentially launch the euro to 1.1600 figure.
Alternatively, 1.1320 and 1.1300 levels are the downside support.

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1371
    Today Daily change: -11 pips
    Today Daily change %: -0.0966%
    Today Daily Open: 1.1382
Trends:
    Previous Daily SMA20: 1.1349
    Previous Daily SMA50: 1.1421
    Previous Daily SMA100: 1.1518
    Previous Daily SMA200: 1.1746
Levels:
    Previous Daily High: 1.1413
    Previous Daily Low: 1.1321
    Previous Weekly High: 1.1402
    Previous Weekly Low: 1.1267
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1378
    Previous Daily Fibonacci 61.8%: 1.1356
    Previous Daily Pivot Point S1: 1.1331
    Previous Daily Pivot Point S2: 1.128
    Previous Daily Pivot Point S3: 1.124
    Previous Daily Pivot Point R1: 1.1423
    Previous Daily Pivot Point R2: 1.1464
    Previous Daily Pivot Point R3: 1.1515

Author

Flavio Tosti

Independent Analyst

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