EUR/USD: The Euro is gaining shyly to the ground, the report NFP could be decisive


© Reuters. EUR/USD slightly up waiting for the NFP

Investing.com – The EUR/USD pair is taking advantage of a pressure slightly bullish since this morning, continuing to put pressure on moving averages 100 and 200 hours which limit the increase since yesterday evening.

Yet, the morning has been rich in european statistics were disappointing, which could have justified a fall of the Euro.

The PMI indices for services in Germany and the Euro Area are displayed in the forecast of economists, 51.2 versus 52.5 expected for Germany, and 51.2 vs. 51.4 expected for the euro area.

The preliminary figures of inflation in the euro area for the month of December also proved disappointing, with a CPI annual 1.6% vs. 1.8% expected and 1.9% previously.

However, the EUR/USD pair has not shown any particular reaction in the face of these data, which have not prevented from earning a few pips over the course of the morning.

The report NFP to the centre of the attention of the trader this afternoon

Investors no doubt the movements in expectation of the publication of the report NFP on job creation, US in the month of December, which will be expected at 14: 30.

Any door to believe that the figures will be strong, which could help strengthen the dollar and calling into question the rise of the EUR/USD.

In this case, the attention could turn to the media 1.1380, 1.134050 and 1.1300-05.

In the case of a report NFP disappointing, the Euro-Dollar will have one more reason to progress, in view of the next resistance at 1.1435, 1.1450 and 1.15.

Finally, it should be noted that the report NFP will not be the only event to watch on the economic calendar US this afternoon, as the market awaits the PMI services for the month of December, as well as a speech by Powell at 16: 15, and Bullard at 19: 15.

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