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Refinitiv
Jan 05 - 04:55 AM

EUR/USD - Key Data And A Big Signal For EUR/USD Traders To Consider

By Jeremy Boulton  —  Jan 05 - 03:40 AM
  • U.S. NFP data at 13.30GMT seen 170k and u/r eyed rising to 3.8%

  • Peak for 2023 jobless rise since is 3.9% - recorded Oct 2023

  • EUR/USD traders running long into the event

  • Jan price action suggests lots of profit taking has preceded the data

  • EUR/USD 55-DMA about to cross above 200-DMA Golden Cross buy signal

  • Overbought situation which capped Dec gains now alleviated

Source:
Refinitiv IFR Research/Market Commentary

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