Rosen's Daily Commentary

USD/CAD is currently trading at support best seen on the H4 chart. The pair is not just a few points below 1.31 and it appears to be range bound ahead of the NFP and jobs report scheduled for later today.
 
EUR/USD is trading a bit higher in today's early hours. The pair reached a low of 1.1152 and is currently trading at its highest at 1.1180. We don't have any major news for today so mild volatility might be expected.
 
USD/CAD was one of the biggest losers on Friday when the NFP and jobs rate were released. The pair went from 1.3114 to below 1.30 and is now trading at 1.2957 with a low of 1.2952. Important news are scheduled for the Canadian dollar this week.
 
The EUR/USD is trading relatively unchanged in today's session. The pair is gravitating towards 1.1150 level in anticipation of the Non-Manufacturing Composite released later today.
 
USD/CAD is trading lower today after a good steady climb from 1.2763 to 1.3147 in just a few days. The pair is back below 1.29 and is currently trading at 1.2895.
 
The EUR/USD is trading to the upside since yesterday's ISM data at 51, lower than the 55.5 expected. Bears took over and the pair rallied from 1.1143 to a high of 1.1265. The pair is now 1.1253 and appears that it has reached minor resistance at the last high.
 
USD/JPY bullish rally is over thanks to the weak US data released yesterday. The pair made a high of 104.32 from a low of 99.54 and is currently trading at 101.35, dropping some 300 points since yesterday. The pair might attempt to reach support at 100.35.
 
The EUR/USD continues it's upward move started on Tuesday this week. The pair reached a new high at 1.1279 and is currently 1.1274. Important EU data is scheduled for later today.
 
GBP/JPY appears to be forming a Head and shoulders pattern but in order for the pattern to be confirmed we need to break first support zone at 135.50. Price is now 135.71 and has found some strength to move up. Below current market price next support is seen at 132.89.
 
The EUR/USD is trading relatively unchanged in today's session. The pair is down to 1.1244 from above 1.13 earlier this morning. Markets participants are expecting fresh news in order for them to pick a direction. Until then, consolidation might be expected.
 
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