EUR/USD: After a an unchanged Unemployment rate, and dismal Non-Farm


January 15, 2018 04:33 AM

BEARISH

Daily Trading Range: 84
EUR/USD: After a an unchanged Unemployment rate, and dismal Non-Farm Payrolls numbers, the recent increased importance shed on the stagnant Hourly Wages number did very little for the greenback this past week. The USDOLLAR actually fell in light of the overwhelmingly positive information relased by Canada and Europe's corresponding announcements. As a result, the Dollar only climbed against the CHF and the JPY. At the moment, the technical indicators on the USD are poised for another bullish push, but as long as it remains in a small range, remains untradeable. Traders would should search for a breakout. 

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.2210
Resistance 2: 1.2090
Resistance 1: 1.2030
Current Price 1.3750
Support 1: 1.1820
Support 2: 1.1740
Support 3: 1.1550

Two Hour Chart

Two Hour Chart

Other Currency Pairs

AUD/USD

Daily Trading Range: 47

BEARISH

USDX

Daily Trading Range: N/A

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GBP/USD

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