EUR/USD Forecast: Falling before the fireworks? Coronavirus concerns might per chance even merely outweigh Non-Farm Payrolls

EUR/USD Forecast: Falling before the fireworks? Coronavirus concerns might per chance even merely outweigh Non-Farm Payrolls

EUR/USD has been unable to sustain gains following the upbeat US jobs figures.  Concern about America's rising coronavirus cases is central amid the long US weekend. Friday's four-hour chart is showing the currency pair is trading in a wedge. What should markets focus on – upbeat three-week-old figures or tentative signs of a downturn? The…

EUR/USD Forecast: Turning bearish again amid renewed coronavirus jitters

EUR/USD Forecast: Turning bearish again amid renewed coronavirus jitters

EUR/USD witnessed an intraday pullback from 1.1300 mark on Thursday amid a modest USD uptick. Surging COVID-19 cases overshadowed the recent optimism and benefitted the safe-haven greenback. Traders eye final Eurozone Services PMI for some impetus amid holiday-thinned liquidity conditions. The EUR/USD pair failed to capitalize on the overnight uptick to the 1.1300 mark and…

AUD/USD Label Prognosis: Keeps 5-day winning poke above 0.6900 after Aussie, China data

AUD/USD Label Prognosis: Keeps 5-day winning poke above 0.6900 after Aussie, China data

AUD/USD stays above 0.6900 after upbeat Aussie Retail Sales, China Caixin PMI. 21-day SMA offers immediate support ahead of the weekly low. 0.6975/80 acts as an additional upside barrier beyond the immediate resistance line. Bearish MACD, multiple resistances keep the buyers cautiously optimistic. AUD/USD extends recovery moves from 0.6913 to trade around 0.6925, intraday high…