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EUR/USD Probing Daily Highs Near 1.1230 Ahead of NFP


Friday, 5 April 2019 14:04 WIB

EUR/USD


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The mood around the European currency remains choppy so far this week, with EUR/USD at least managing to stay above the 1.1200 handle in the last sessions.

Spot is so far reversing Thursday’s pullback amidst a broad-based sideline theme, always navigating the lower end of the weekly range and with gains capped in the 1.1250 region for the time being.

In the meantime, the pair has practically ignored auspicious developments from the US-China trade front, focusing instead in the performance of yields in Germany and the spread vs. their American counterparts.

In the data space, German Industrial Production unexpectedly expanded at a monthly 0.7% during February, coming in above expectations and reversing the previous 0.8% contraction. Later across the pond, Non-farm Payrolls for the month of March are expected to grab all the attention.

Source : FX Street


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