EURUSD: Fundamental & View Pre-US October's NFP 2015

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Today is Friday US’s Non-Farm Payrolls and the eyes of the traders will watch for the October’s numbers which will be released at 13:30 GMT.

© Dave Pinnell

In a fundamental outlook, Valeria Bednarik -Chief Currency Analyst at FXStreet– thinks the US could “announce 180,000 new jobs added in October, whilst the unemployment rate is expected to remain steady at 5.1%. Wages, which were a huge disappointment last month, are expected to have ticked higher.”

At a technical level, in the USDJPY pair, H4 chart is currently showing a bullish consolidation’s effort above the 500 SMA, so it’s expected to do another rally to test the 122.00 psychological level at least.

By the way, this moving average could act as dynamic resistance and eventually, if US NFP numbers aren’t good for Dollar, pair will pullback towards the 200 SMA in a mid-term basis.

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