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4 Feb 2015

EUR/USD bounce capped by 1.1460

FXStreet (Edinburgh) - EUR/USD bounce capped by 1.1460

The shared currency remains in the red territory today with bullish attempts in EUR/USD being so far limited by the 1.1460 area.

EUR/USD eyes on ADP, US data

The pair continues to trade in the mid-1.1400s ahead of the ADP Employment Report due later, with consensus expecting the US private sector to have added
225K jobs during January, lower than the 241K posted in December. In addition, the US Service sector will take centre stage in light of the releases of the ISM Non-Manufacturing and Markit’s Service PMI.

EUR/USD key levels

At the moment the pair is losing 0.26% at 1.1452 facing the next support at 1.1400 (psychological level) ahead of 1.1312 (hourly low Feb.3) and then 1.1280 (low Feb.2). On the upside, the next hurdle lines up at 1.1535 (high Feb.3) ahead of 1.1551 (21-d MA) and then 1.1652 (high Jan.22).

Feb 4, 2015

USD/CAD may test 1.26 this week - FXStreet

According to FXStreet Editor and Analyst, Omkar Godbole, USD/CAD is likely to test 1.26 levels this week, expecting WTI’s fall to trigger the bullish move.

Long NZD/USD, target 0.7500 – Growth Aces

The Growth Aces Research Team, suggests going long on NZD/USD to target 0.7500 levels, as improving risk appetite and a probable rise in oil prices might lead the pair to move higher.