Expect surprise U.S. data, euro 1.2940 Lean On.
After moving the rally in the European session and removing
reinforcement in early U.S. session, the euro traded steady current in a
narrow range of 1.2930 and 1.2945. Is this just a quiet movement toward
a strong movement in the market today? Risk sentiment seems to be
anticipated ahead of U.S. jobs report today.
Earlier in Europe, the euro moved up to 1.2982 after the employment data
related to employment data raised risk appetite, but failed to
consolidate and move down amid news that the cuts in funding pension
reforms demanded by the Troika on Greece to secure funding is still not
official .
In the short term, the market will probably be looking forward to some movement for the current session, "the 1.2880/1.2950 area as the range", said Valeria Bednarik, Chief Analyst at FXstreet.com. "The observation of short-term technical have turned neutral despite the negative lead as the price stays below the 20 SMA and indicators are under priced middle".
In the short term, the market will probably be looking forward to some movement for the current session, "the 1.2880/1.2950 area as the range", said Valeria Bednarik, Chief Analyst at FXstreet.com. "The observation of short-term technical have turned neutral despite the negative lead as the price stays below the 20 SMA and indicators are under priced middle".
Euro Losing prices
Performance of the single European currency looks weak since Thursday (01/11), the euro is currently moving in the range of 1.2938-1.2950 ahead of key data U.S. Non Farm Payrolls at 19:30 pm. Ppoin currencies are under level 10 when the market opened yesterday, its weakest level this time. Currently the euro at 1.2938, up from a lower New York at 1.2928. "During this session exchange moves will be in the range 1.2880-1.2950, obviously Valeria Bednarik, chief analyst at Fxstreet.com. "Judging from the short-term technical charts, price movement back negative and neutral, though still under the SMA 20 with the indicator moves below the trend midlines," he explained. "In the 4 hours chart, currency movements also look neutral."
Euro support levels at 1.2920, 1.2880, and 1.2840, while resistance levels at 1.2980 and 1.3020.
Sustainability worry about Greek Euro Reform
Euro slips versus dollar on Thursday after a Greek court to decide if the pension reforms required by international creditors may be unconstitutional. It threatens the next stage grants indispensable Athens. The Court of Auditors, which is in charge of analyzing the bill before it goes to parliament, said that measures such as increasing the retirement age by 2 years to 67 years and reduce the pension fund between 5% -10% can be contrary to the constitution.
"It brings a little selling pressure on the euro," said Fabian Eliasson, vice president of currency sales at Mizuho Corporate Bank in New York. "The efforts of the implementation of austerity measures seem to be more difficult." Previous Euro had appreciated to nearly $ 1.30 after some solid U.S. economic data boosted stock prices and risk appetite.
Performance of the single European currency looks weak since Thursday (01/11), the euro is currently moving in the range of 1.2938-1.2950 ahead of key data U.S. Non Farm Payrolls at 19:30 pm. Ppoin currencies are under level 10 when the market opened yesterday, its weakest level this time. Currently the euro at 1.2938, up from a lower New York at 1.2928. "During this session exchange moves will be in the range 1.2880-1.2950, obviously Valeria Bednarik, chief analyst at Fxstreet.com. "Judging from the short-term technical charts, price movement back negative and neutral, though still under the SMA 20 with the indicator moves below the trend midlines," he explained. "In the 4 hours chart, currency movements also look neutral."
Euro support levels at 1.2920, 1.2880, and 1.2840, while resistance levels at 1.2980 and 1.3020.
Sustainability worry about Greek Euro Reform
Euro slips versus dollar on Thursday after a Greek court to decide if the pension reforms required by international creditors may be unconstitutional. It threatens the next stage grants indispensable Athens. The Court of Auditors, which is in charge of analyzing the bill before it goes to parliament, said that measures such as increasing the retirement age by 2 years to 67 years and reduce the pension fund between 5% -10% can be contrary to the constitution.
"It brings a little selling pressure on the euro," said Fabian Eliasson, vice president of currency sales at Mizuho Corporate Bank in New York. "The efforts of the implementation of austerity measures seem to be more difficult." Previous Euro had appreciated to nearly $ 1.30 after some solid U.S. economic data boosted stock prices and risk appetite.
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