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EUR/USD holds steady with US NFP, EU Retail Sales in the barrel

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EURUSD News

NFP,Retailsales

EUR/USD has chalked in a sixth consecutive trading day in green as Friday’s economic data docket looms large ahead.

EUR/USD is grasping bids on the high side ahead of a packed Friday. Euro bulls are shrugging off a miss in German factory activity. EU Retail Sales, US NFP loom large to cap off the trading week. European Retail Sales and the latest round of US Nonfarm Payrolls jobs data could see a significant amount of chart churn.

Despite a recent bullish tilt, EUR/USD continues to churn in the middle of a rough descending channel on daily candlesticks. Fiber is poised to run out of bullish gas as bids extend past the 200-day Exponential Moving Average at 1.0793. A firm push further into bull country will leave the Fiber poised for a challenge of descending technical resistance and the last major swing high into the 1.0900 handle.

 

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EUR/USD Price Analysis: Holds below 1.0750 ahead of US Retail Sales dataThe EUR/USD pair trades on a softer note near 1.0730 on Tuesday during the early European trading hours.
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