The common currency holds gains against the greenback, as ‘Super Mario’ sounded more hawkish that expected yesterday. However today is the release of the month for the US economy the all-important non-farm payroll report. The expectations are for 150k more jobs the previous month and anything is possible considering that lately the report fails to meet expectations. USDJPY also is helped by easing tensions in Ukraine, however nothing is certain yet and nobody should take outrageously risky positions.
EURUSD Daily Chart:
The pair has broken above 1.3830 on the daily and if it takes out 1.3890 it will open the way for 1.4000 and 1.4250 in the medium-to-long run. However be careful as technical want matter if we get a surprise payrolls report today.
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