EURUSD and GBPUSD: the euro continues to move above 1.09000
- During the Asian session, the EURUSD consolidated around the 1.09200 levels.
- During the Asian trading session, GBPUSD traded around the 1.24400 levels.
EURUSD chart analysis
During the Asian session, the EURUSD consolidated around the 1.09200 levels. Such a trend continued during the European session because today is Good Friday in all Western European countries, USA, Canada, etc. Among the important news, in the US session, we will have the NFP report and the unemployment report. At that point, we could expect a quick move on the chart and larger swings than the current position.
The expectation for the NFP report is that we could underperform the previous month. The forecast is 239k while the previous report was 311k. The forecast for the unemployment rate is in line with that of the previous month at 3.6%.
GBPUSD chart analysis
During the Asian trading session, GBPUSD traded around the 1.24400 levels. There is slight bearish pressure on the chart as GBPUSD is trading below the EMA50 moving average. This could lead to a further drop in the EMA50 4 hour moving average in the area around the 1.24000 level. Due to the holidays, market volatility has subsided and we are likely to see a continuation of the sideways movement.
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