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Forex: EUR/USD hovering over 1.3100, NFP eyed

FXstreet.com (Barcelona) - The bloc currency is gyrating around the key mark at 1.3100 pre-Payrolls, keeping the narrow range with upside attempts faltering around 1.3140 so far.

“We generally feel that the broader 1.28/1.32 range will prevail for a little longer as the markets seem to be bereft of a broader theme or driver to extend that range. Even in the event of a poor jobs number today, we think EUR/USD gains through 1.32 will have a hard time sticking at the moment”, suggested FX Strategists G.Moore and S.Osborne at TD Securities.

The cross is now advancing 0.34% at 1.3109 and a surpass of 1.3220 (high May 2) would open the door to 1.3231 (daily cloud top) and then 1.3243 (high May 1).
On the flip side, support levels line up at 1.3051 (low May 3) ahead of 1.3037 (low May 2) and then 1.3015 (low Apr.29).

Forex: USD/CHF spikes higher to 0.9340

The USD/CHF took a dive early in the European morning from 0.9350 to eventually find a daily low at 0.9314 (previous hourly resistance) as investors went for lunch. At the moment of writing, the pair has just jumped to 0.9340 due to EUR/USD movement. Ahead comes the widely expected US NFP report.
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Forex: EUR/JPY backs away from highs

The euro managed to recover ground on Friday, advancing against the dollar and the yen during the European session, but the shared currency is faltering minutes ahead of the US NFP report following Nowotny latest comments saying discussion is ongoing, and the ECB is open minded about a negative deposit rate.
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