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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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EUR/USD, EUR/GBP and GBP/USD bid ahead of US NFPs​​​

​​​EUR/USD, EUR/GBP and GBP/USD bid ahead of US non-farm payrolls ​which are expected to come in at 160k versus a previous 114k.​

Dollar Source: Adobe images
Forex EUR/USD GBP/USD EUR/GBP Euro United States
Written by: Axel Rudolph | Market Analyst, London
Publication date:

​​​EUR/USD bounces back ahead of US NFPs

EUR/USD looks short-term bid ahead of US non-farm payrolls. The late August $1.1201 high now acts as resistance while Tuesday's low at $1.1027 acts as minor support. Below it lies the August 5 high at $1.1009.

EUR/USD chart Source: TradingView.com
EUR/USD chart Source: TradingView.com

​EUR/GBP trades sideways

EUR/GBP seems to have a slight bullish bias above the June-to-July lows at £0.8398-to-£0.8378. If fallen through, the 2 August 2022 low at £0.8240 would be eyed, though.

​​Minor resistance continues to be seen along the 55-day simple moving average (SMA) at £0.8466.

EUR/GBP chart Source: TradingView.com
EUR/GBP chart Source: TradingView.com

​GBP/USD shows minor bid

GBP/USD recovers further from Tuesday's $1.3088 low, below which lie the July 2023 peak at $1.3143 and the $1.3045 July high.

​​Resistance is seen around the $1.3267-99 February low and March 2022 high. It is also where the late August high was made.

GBP/USD chart Source: TradingView.com
GBP/USD chart Source: TradingView.com

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

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