Published: Thu, 05 Nov 2009 20:48:00 +0100
Forex: EUR/USD hovers around 1.4860
FXstreet.com (Córdoba) ? The Dollar is steady across the board as markets wait for tomorrow?s NFP. EUR/USD is moving inside a range between 1.4850 and 1.4870. The pair trades at the same levels it had at the beginning of the day. Earlier in the day, the Euro rose to 1.4920 posting the highest price since October 27. But the pair failed to hold above 1.4900 and fell to 1.4845.
Michael J. Malpede, analyst at Easy Forex affirms: ?EUR gains (following the ECB decision) were short lived as investor?s square positions ahead of Friday's release of US nonfarm payroll for October. EU economic data was mixed with September retail sales reported down 0.7%. The technical outlook for the EUR is positive as the EUR trades above 1.4900.?
By Fxstreet.com
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