EUR/USD stuck around 1.0980

FXStreet (Edinburgh) - The European currency remains in a congestion pattern vs. the greenback, with EUR/USD navigating around 1.0980/90 so far.

EUR/USD attention to US data

Tight ranges, low volume and flat volatility remain intact today, as almost all European markets are close due to Easter Monday holiday. The focus instead will be on the US docket, which has grown in relevance following the last FOMC meeting in mid-March and the poor figures from March Non-farm Payrolls.

Next on tap will be Markit’s Services PMI, followed by the ISM Non Manufacturing and then the Labor Market Conditions Index.

EUR/USD key levels

At the moment the pair is advancing 0.02% at 1.0981 and a breakout of 1.1019 (high Apr.6) would open the door to 1.1052 (high Mar.26) and finally 1.1062 (high Mar.18). On the other hand, the immediate support lines up at 1.0867 (low Apr.3) followed by 1.0766 (low Apr.2) and then 1.0718 (low Apr.1).

USD/JPY hits fresh session highs above 119.10

USD/JPY climbed higher in the mid-European session, bringing an end to its side-ways movement seen so far as US dollar rises to catch a fresh breathe of air versus the yen after Friday’s discouraging payrolls figures dragged the pair to lowest in seven days.
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GBP/USD might see further gains above 1.4950 – FXStreet

Valeria Bednarik, Chief Analyst at FXStreet, notes technicals suggest GBP/USD exhibits a mild positive tone, expecting a break above 1.4950 to lead to further gains towards 1.5000 level.
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