TAG EUR/USD technical levels

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GBP/USD: Trading the British Average Earnings Index

British Average Earnings Index, released each month, is a leading of consumer inflation. A reading which is higher than the market forecast is bullish for the  pound.                                                       Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 8:30 GMT. Indicator Background The Average Earnings Index is closely watched by analysts, and as a [&hellip

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Rising speculation

The week that may set the tone for financial markets into the end of the year is off to a relatively slow start, though not surprising given the event risk to come in the latter half of the week.  Global equities are cautiously optimistic Beijing will be forced to respond to the recent dour economic [&hellip

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EUR/USD approaches daily highs

FXStreet (Córdoba) – EUR/USD has moved closer to the upper-side of its daily range but overall continues to trade very quietly given the US Labour Day holiday.

EUR/USD recovered some ground and has continued to move away from last week’s lows but lacked strength to rise beyond the 1.1180 zone. At time of writing, the pair is trading at 1.1169, little changed on the day.

Last Friday, the nonfarm payrolls showed the US economy added 173,000 new jobs in August versus 220,000 expected leaving investors wondering whether jobs market recovery would be strong enough for the Fed to hike rates next week.

EUR/USD technical levels

On the upside, immediate resistances could be found at 1.1189 (Sep 4 high), 1.1243 (Sep 4 high) and 1.1272 (200-day SMA). On the other hand, supports are seen at 1.1120/16 (Sep 4 low/100-day SMA), 1.1086 (Sep 3 low) and 1.1058 (Aug 17 low).

EUR/USD has moved closer to the upper-side of its daily range but overall continues to trade very quietly given the US Labour Day holiday.

(Market News Provided by FXstreet)

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