Euro Down Ahead of Non Farm Payroll

By TraderVox.com

Tradervox.com (Dublin) – The single currency yesterday peaked out at 1.3290 on the back of successful Greek swap deal. On the last day of the week, it remained mostly in the red and printed a low of 1.3211 during the European session. It is currently trading around 1.3218, down about 0.42% for the day. The support may be seen at 1.3200 and below at 1.3160 levels. The resistance may be seen at 1.3260 and above at 1.3310 levels. It is an important day for the markets as non farm payroll data will be released later in the day.

The sterling pound is also also trading in red with the pair being bottomed out below 1.5800 levels at 1.5748. The pair is again approaching the 1.5800 levels and is currently trading around 1.5790, down about quarter of a percent for the day. The resistance may be seen at 1.5800 and above at 1.5870 levels. The support may be seen at 1.5760 and below at 1.5700 levels. Industrial production dropped by 0.4% against the 0.3% expected rise. Manufacturing production came at 0.3% better than expected value of 0.2%. PPI also came better than expected at 2.1%.

The USD/CHF has come above the 0.9100 levels and is currently trading around 0.9125, up about half a percent a day. The support may be seen at 0.9110 and below at 0.9080 levels. The resistance may be seen at 0.9150 and above at 0.9200.

The USD/JPY is approaching the 82 levels as it printed a high of 81.88 during the Asian session. The pair is currently trading around 81.78, up about 0.30% for the day. The resistance may be seen at 82 and above at 82.20. The support may be seen at 81.70 and below at 81.27.

The Australian dollar is tradding around 1.0625, down about 0.17% for the day. The resistance may be seen at 1.0650 and above 1.0700 while the support may be seen at 1.0600 and 1.0560 levels.

The US dollar index is trading around 79.55.

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