US dollar median per hour revenue: Reported a modest fall to 0.2 percent, under the projected 0.3 percent in key currency pairings.
Highlights
US NFP Figures Change: Frustrated at 175K jobs gained, failing predictions of 238K, affecting EURUSD & GBPUSD currency pairs.
In the European morning on Monday, the EURUSD moves bullish over 1.0750 mark. The US currency battles to locate buyers after Friday’s poor job market numbers, allowing the duo keep its footing.
The market Synopsis
Last week’s economic reports gave insight into the US dollar’s performance versus key currencies such as the Euro (EURUSD) and the British pound (GBP/USD). Notable figures are:
US Mean Hourly Income MoM: 0.2 percent, somewhat less than expected (0.3 percent both EURUSD & GBPUSD pairs).
Changes in US NFP: Showing at 175K, below the projected 238K, hurting the two currencies pairings.
The US Joblessness Ratio: Around 3.9 percent, corresponds with predictions of the EURUSD as well as GBPUSD pairs.
Overall Service PMI: The U.S. recorded 51.3, whereas European saw modest differences. Featuring results such as 50.9 both the euro vs USD & the pound versus USD.
US dollar (DXY) Price Analysis
On Monday technical perspective, the DXY sits at $105.165, up 0.09 percent. The pivotal mark around $104.9221represents a significant crossroad. Overcoming it might send the price index into immediate obstacles on $105.55. Additional levels of resistance are anticipated near $106.005 & $106.473.
On the other hand, right away support exists near $104.531 mark, with additional support located near $104.20 & $103.883 mark.
The 50 D- EMA is now near $105.635, while the 200 D- EMA is at $105.197 mark. Showing that there is a consolidation period. A consistent advance over the point of pivot suggests an uptrend, whilst a drop underneath might result in a rapid selling.
The EURUSD Price Analysis
The EURUSD unit shows slight increases, holding around $1.07642, up 0.05 percent. The tipping point on $1.07472 is critical; breaking it might result in opposition confrontations around $1.07983, $1.08335, then $1.08812 mark.
In contrast, levels of support develop around $1.071243, $1.06750, & $1.06396. The 50 D- EMA sits at $1.07142. whereas the 200 D- EMA is now $1.07437, showing a possibility of stability.
The prognosis stays positive over the point of pivot, but a plunge under it might herald a severe losing wave in the overall market. Traders ought to pay close consideration to such areas in order to manage the exchange rate’s swings.
The GBPUSD Price Analysis
The GBPUSD duo remained unchanged at $1.25453, with the Sterling’s pivoting mark being $1.25286. Meaning it’s critical for deciding momentum. A rise over this mark might force the currency pair to test barrier around $1.25702, $1.26183, then $1.26648 mark.
In contrast, a decrease could show support around $1.2466, $1.2423, then $1.2379 level. The 50 D- EMA of $1.25136 mark as well as the 200 D- Exponential MA of $1.25465 reveal an equal to positive direction. The prognosis is optimistic over the point of pivot, yet a breach beneath it could result to a severe selling pressure.
Daily Technical Indicators & Signals
EURUSD Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 1.0747 | 1.0752 | 1.0756 | 1.0761 | 1.0765 | 1.0770 | 1.0774 |
| Fibonacci | 1.0752 | 1.0755 | 1.0758 | 1.0761 | 1.0764 | 1.0767 | 1.0770 |
| Camarilla | 1.0756 | 1.0757 | 1.0758 | 1.0761 | 1.0759 | 1.0760 | 1.0761 |
| Woodie’s | 1.0745 | 1.0751 | 1.0754 | 1.0760 | 1.0763 | 1.0769 | 1.0772 |
| DeMark’s | – | – | 1.0754 | 1.0760 | 1.0762 | – | – |
Technical Indicators
| Name | Value | Action |
| RSI(14) | 54.427 | Neutral |
| STOCH(9,6) | 57.137 | Buy |
| STOCHRSI(14) | 100.000 | Overbought* Caution |
| MACD(12,26) | -0.001 | Sell |
| ADX(14) | 33.909 | Buy |
| Williams %R | -21.534 | Buy* Caution (Overbought) |
| CCI(14) | 155.4507 | Buy |
| ATR(14) | 0.0057 | Less Volatility |
| Highs/Lows(14) | 0.0036 | Buy |
| Ultimate Oscillator | 51.734 | Buy* Caution |
| ROC | 0.914 | Buy |
| Bull/ to ear Power Ratio (13) | 0.0071 | Buy |
Moving Averages
| Period | Simple | Exponential |
| MA5 | 1.0745 Buy |
1.0748 Buy |
| MA10 | 1.0723 Buy |
1.0725 Buy |
| MA20 | 1.0695 Buy |
1.0729 Buy |
| MA50 | 1.0791 Sell |
1.0771 Sell |
| MA100 | 1.0835 Sell |
1.0788 Sell |
| MA200 | 1.0794 Sell |
1.0789 Sell |
GBPUSD Technical Indicators
| Name | Value | Action |
| RSI(14) | 54.629 | Neutral |
| STOCH(9,6) | 65.078 | Buy |
| STOCHRSI(14) | 100.000 | Overbought*Caution |
| MACD(12,26) | -0.001 | Sell |
| ADX(14) | 33.412 | Buy |
| Williams %R | -16.617 | Overbought*Caution |
| CCI(14) | 106.6210 | Buy |
| ATR(14) | 0.0079 | Less Volatility |
| Highs/Lows(14) | 0.0053 | Buy |
| Ultimate Oscillator | 51.692 | Buy* (Overbought) |
| ROC | 1.069 | Buy |
| Bull/Bear Power(13) | 0.0063 | Buy |
