Green back was near a three-week low against the Euro on speculation of declines in payrolls and manufacturing, limiting the Federal Reserve's scope to reverse seven interest-rate cuts
Tech View:
Euro is expected to be on a bull note for the day. with the trading range expected between 1.5710-1.5870 levels for the day. currency holds its support at 1.5690 levels and good resistance is seen at 1.5890 level break of which will test 1.5900. currency is seen trading well above fast the moving averages .stochastic and RSI are also supporting the bull run.
Pound is expected to be on a bull note for the day. with the trading range is expected to be on 1.9910-1.9999 levels for the day. support for the currency is seen at 1.9890 levels and holds resistance at 2.003 levels for the day. Currency is trading well above the fast moving averages confirming the bull trend. Momentum and stochastic are supporting the green note.
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