EURUSD and the last 2015 US NFP's release

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After the ECB meeting, EURUSD had a bullish reaction, performing a consolidation above the psychological price zone of 1.0600, which was critical to the overall bias in this pair.

This Friday, December 4th, will be released the US Non-Farm Payrolls, which will be the last of this year, and due to the strong pullback that had the US dollar during Thursday’s session and after ECB meeting, the eyes are now focused on the greenback, prior to US NFP release.

Valeria Bednarik, Chief Currency Analyst at FXStreet, thinks that “the US dollar trades generally lower, particularly against its European rivals, and it will take quite a strong Payroll report to see the greenback recovering the ground lost.”

Technically, we should see first a breakout above the 1.1000 level in order to see new highs towards the 1.1100 zone, which would be our short-term target. In a bearish scenario, corrective moves should extend towards the 200 SMA at H1 chart (near to 1.0650 level).

MACD indicator at H1 chart is still moving on positive territory.

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