Closed in NY at $1.3152 after rate had recovered from lows of $1.3195 to $1.3181 through the ECB press conference, as Draghi failed to fulfill expectations of a dovish stance. Another subdued Asian session, Tokyo markets remaining closed for Golden Week and the usual pre US employment report low interest, with commodity currencies providing the only real interest. EUR/USD slipped to overnight lows of $1.3144 in early trade on Kiwi profit take recovery moves, the rate squeezed lower on EUR/NZD sales, before recovering to $1.3162, settling around $1.3150 ahead of the European open.Morning focus will turn to release of Eurozone services and composite PMI data ahead of the US NFP main event into early afternoon. Optimism that US jobs data won’t disappoint, with some suggesting could come in toward the top end of the expected range (170k median). Offers remain in place at $1.3160/65, a break to open a move back toward the stronger resistance at $1.3180/85 with stops above. Support $1.3145/40 ahead of $1.3125/20 and Thursday’s low at $1.3095, with bids seen back at $1.3200 ahead.
EasyForexNews Research Team