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10 Jan 2014
EUR/USD consolidates around 1.3600 ahead of US labor data
FXstreet.com (Córdoba) - After rallying during the American session from 1.3570 to 1.3610 the EUR/USD stabilized and in the last hours has been trading in a small range between 1.3613 and 1.3600. Activity in the currency market remains calm ahead of the release of the US non-farm payrolls report.
Kathy Lien from BK Asset Management still expects the EUR/USD to drop to 1.35 in the near term despite the recovery that showed after Draghi's press conference, but she warns that it would hinge in large part on a strong non-farm payrolls report from the US.
EUR/USD weekly result to be defined after NFP
So far the Euro is up 25 for the week after bouncing from 1-month lows but the results could change after the NFP report. During the week the EUR/USD has not been able to rise above 1.3660 while the downside has been capped by 1.3550 so far.
Kathy Lien from BK Asset Management still expects the EUR/USD to drop to 1.35 in the near term despite the recovery that showed after Draghi's press conference, but she warns that it would hinge in large part on a strong non-farm payrolls report from the US.
EUR/USD weekly result to be defined after NFP
So far the Euro is up 25 for the week after bouncing from 1-month lows but the results could change after the NFP report. During the week the EUR/USD has not been able to rise above 1.3660 while the downside has been capped by 1.3550 so far.