Friday, April 5, 2019

EUR/USD is subdued in Friday

EUR/USD is subdued in Friday trade. Currently, the pair is trading at 1.1230, up 0.09% on the day. In economic news, German industrial orders climbed 0.7%, edging above the forecast of 0.6%. In the U.S., the focus will be on employment numbers. Nonfarm payrolls is expected in at 172 thousand in March, after a dismal gain of 20 thousand in the previous release. Still, this estimate is significantly lower than the December and January releases, both of which were above the 300-thousand level. Wage growth is projected to gain 0.3%, lower than the 0.4% gain a month ago.
EUR/USD was flat in the Asian session and remains steady in European trade
•1.1212 remains a weak support level
•1.1300 is the next resistance line
•Current range: 1.1212 to 1.1300
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