The softer headline US employment figure provided something of a reprieve to EUR/USD on Friday. Economists at ING expect the pair to hold 1.0920 – the 100-Day Moving Average.
The pair seems to have found support near the 100-DMA which is now above 1.0920. While this holds, some trend followers will be able to maintain their bullish EUR/USD view.
It looks like another mixed week for FX markets. This suggests EUR/USD should largely be range-bound around 1.10.
© 2013-2021 FinanBrand. All Rights Reserved
Information on risk: ForexProNews.com cannot be held accountable for any harm or loss resulting from taking advantage of the information offered on this site. It provides market news analyses trading signals and Forex reviews of brokers. The information contained on this website is not always up-to-date or accurate. Additionally, the analysis reflects the views of the writer and doesn’t reflect the views or opinions of ForexProNews.com or its staff. Margin trading in currencies can be risky and not suitable for everyone. As the leveraged product’s losses could exceed the initial amount of deposit and capital is at risk. Before deciding whether or not to invest in Forex or other instruments of finance you should carefully think about your goals for investment, the level of your expertise and also your risk tolerance. We will provide you with relevant information about each broker we review. In order to provide this service at no cost, we receive advertising fees from brokers, which include those that are included in our rankings and the ones mentioned in this piece. We try our best to ensure that the information we provide is accurate, however, we strongly recommend you verify the information we provide by calling your broker directly.