{"id":105561,"date":"2020-10-02T18:11:55","date_gmt":"2020-10-02T17:11:55","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105561"},"modified":"2020-10-05T06:10:46","modified_gmt":"2020-10-05T05:10:46","slug":"104545-eur-usd-weak-post-payrolls","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104545-eur-usd-weak-post-payrolls\/","title":{"rendered":"EUR\/USD weak post-Payrolls"},"content":{"rendered":"<ul>\n<li><strong>EUR\/USD keeps a bearish bias around 1.1700.<\/strong><\/li>\n<li><strong>US Nonfarm Payrolls underwhelmed at 661K in September.<\/strong><\/li>\n<li><strong>US final U-Mich consumer confidence index\u00a0 up next<\/strong><\/li>\n<li><strong>EUR\/USD continues to hover around its 2-day lows\u00a0 around 1.1700\u00a0 on Friday.<\/strong><\/li>\n<\/ul>\n<p><strong>EUR\/USD sees support at\u00a0 1.1690<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0EUR\/USD is expected to finish the\u00a0 week on the front foot, with mild\u00a0 gains, paring some of the losses from last week. The pair sold off sharply in the previous week to 1.1600 figure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The US Dollar is boosted by the souring mood following news that President Trump tested positive for COVID-19.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Eurozone inflation figures revealed that disinflation continues in the region. CPI gained 0.1% MoM and contracted 0.3% YoY. The core CPI increased +0.2% month on-month<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The US saw 661K jobs added during September, missing forecasts (850K) and around half of August\u2019s nearly 1.5M jobs (revised higher). Additionally, the unemployment rate ticked lower to 7.9% (from 8.4%).<\/span><\/p>\n<p><strong>EUR -what to watch<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">EUR\/USD sees 1.1770\/80\u00a0 (55-SMA) as a strong resistance\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The outlook remains bullish. Any move southwards is considered corrective only. Encouraging domestic fundamentals support the bullish bias as do calm US-China trade relations and a steady stance from the ECB.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD keeps a bearish bias around 1.1700. US Nonfarm Payrolls underwhelmed at 661K in September. US final U-Mich consumer confidence index\u00a0 up next EUR\/USD continues to hover around its 2-day lows\u00a0 around 1.1700\u00a0 on Friday. EUR\/USD sees support at\u00a0 1.1690 \u00a0EUR\/USD is expected to finish the\u00a0 week on the front foot, with mild\u00a0 gains, paring [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5194,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1395,2412,1398],"class_list":{"0":"post-105561","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-eur","10":"tag-eur-usd","11":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/USD weak post-Payrolls - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104545-eur-usd-weak-post-payrolls\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104545-eur-usd-weak-post-payrolls\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104545-eur-usd-weak-post-payrolls\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD weak post-Payrolls\",\"datePublished\":\"2020-10-02T17:11:55+00:00\",\"dateModified\":\"2020-10-05T05:10:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104545-eur-usd-weak-post-payrolls\\\/\"},\"wordCount\":192,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104545-eur-usd-weak-post-payrolls\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100812-gbp-eur-theresa-may-defeat.jpg\",\"keywords\":[\"eur\",\"eur\\\/usd\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104545-eur-usd-weak-post-payrolls\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104545-eur-usd-weak-post-payrolls\\\/\",\"name\":\"EUR\\\/USD weak post-Payrolls - 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