The EUR/USD edged higher on Thursday ahead of Friday’s U.S. payroll report, testing short term resistance which was former support at 1.0910. Additional
The EUR/USD edged higher on Thursday ahead of Friday’s U.S. payroll report, testing short term resistance which was former support at 1.0910. Additional resistance is seen near the 10-day moving average at 1.0970. Support on the currency pair is seen near the July lows at 1.0806. Momentum on the currency pair is negative with the MACD printing in the red with a negative trajectory.
The October employment figures are out on Friday and should reveal a 180k headline for the month, up from the 142k in September and 136k in August. The unemployment rate is expected to tick down to 5.0% from 5.1% in September.
David Becker focuses his attention on various consulting and portfolio management activities at Fortuity LLC, where he currently provides oversight for a multimillion-dollar portfolio consisting of commodities, debt, equities, real estate, and more.
