EURUSD has traded into resistance prior to the USD Non Farm Payroll data, which will reveal the number of new jobs added in August. The data is expected to show a decrease, however recent figures have been surprisingly positive. All eyes will be on the data as the Fed's Tapering decision hangs in the balance. Technically the pair has traded into a key resistance zone and the RSI has indicated overextended levels on the 2h chart (pictured).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.