{"id":169682,"date":"2023-10-07T01:17:56","date_gmt":"2023-10-06T19:47:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=169682"},"modified":"2023-10-07T01:17:56","modified_gmt":"2023-10-06T19:47:56","slug":"eur-usd-bounds-higher-post-nfp-taps-into-1-0600-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eur-usd-bounds-higher-post-nfp-taps-into-1-0600-crypto-news\/","title":{"rendered":"EUR\/USD bounds higher post-NFP, taps into 1.0600 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>EUR\/USD catches a firm lift post-US NFP release, climbing 1.12% from the day&#8217;s bottom.<\/strong><\/li>\n<li><strong>Broad-market flows have gone firmly risk-on following a bumper NFP reading for the USD.<\/strong><\/li>\n<li><strong>Euro traders will be looking ahead to Monday&#8217;s investor confidence indicator for October.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/USD climbed 117 pips from Friday&#8217;s bottom bids of 1.0482 to tap into the 1.0600 handle as Friday&#8217;s US <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/economic-indicator\/nfp\">Non-Farm Payrolls<\/a> (NFP) sends investors piling out of the US Dollar and back into risk assets to close out the trading week. The EUR\/USD is now trading back slightly, testing the waters around 1.0580 as investors settle into the Friday close.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/us-nonfarm-payrolls-forecast-nfp-september-report-set-to-show-broadly-stable-labor-market-202310060542\">US Nonfarm Payrolls soar by 336,000 in September vs. 170,000 forecast<\/a><\/p>\n<p>The Euro (EUR) is now back into green territory for the trading week, but only just, after hitting a weekly low near 1.0448. The US added 336K jobs last month, a clean beat of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">forecast<\/a> 170K and a step above the previous print of 176K (revised upwards to 227K).<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">The economic calendar<\/a> is looking notably thin for the opening half of next week, with the EU&#8217;s Sentix Investor Confidence reading for October, which last printed at -21.5.<\/p>\n<p>Next Wednesday will bring US Producer Price Index (PPI) figures, as well as the Federal Reserve&#8217;s latest meeting minutes.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD technical outlook<\/h2>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\">EUR\/USD is trading<\/a> just south of 1.0600 after climbing from Friday&#8217;s bottom, turning the trading day green and erasing the week&#8217;s downside losses as Euro bulls look to keep the pair trading in positive territory into the closing bell.<\/p>\n<p>The Euro is set to close bullish against the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">US Dollar<\/a> for the third straight trading day, but the pair remains steeply in bearish territory with daily candlesticks still trading far below the 200-day Simple Moving Average (SMA) near 1.0825.\u00a0<\/p>\n<p>A descending trendline from July&#8217;s peak of 1.1275 remains the target to beat for bidders, and the 50-day SMA will pose an additional technical challenge as it confirms a bearish crossover of the longer moving average.<\/p>\n<p>Technical indicators are moving broadly out of oversold territory, and bidders could use the reversal signals to gain a foothold into higher territory. The Relative Strength Index (RSI) and Moving Average Convergence-Divergence (MACD) indicators are both rolling over from oversold to bidding phases, giving the EUR\/USD room to run if investor confidence manages to hold steady.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD hourly chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD daily chart<\/h2>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/EUR_USDD-638322093908545114.png\" style=\"width: 898px;height: 729px\" \/><\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD technical levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/USD catches a firm lift post-US NFP release, climbing 1.12% from the day&#8217;s bottom. Broad-market flows have gone firmly risk-on following a bumper NFP reading for the USD. Euro traders will be looking ahead to Monday&#8217;s investor confidence indicator for October. The EUR\/USD climbed 117 pips from Friday&#8217;s bottom bids of 1.0482 to tap [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,433,255,250,1380,252,247,253,249,256,254],"class_list":["post-169682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-eurusd","tag-gta","tag-looks-rare","tag-nfp","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=169682"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169682\/revisions"}],"predecessor-version":[{"id":169684,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169682\/revisions\/169684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5973"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=169682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=169682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=169682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}