EUR/USD jumps to the weekly PP

EUR/USD noticeably appreciated in the last session, as the U.S. labour market data indicated improving situation. However, yesterday's rally was easily stopped by the weekly PP level at 1.31. The pair remains within the range contained by the 55-day SMA at 1.3296 and the 200-day SMA at 1.2933, and most likely the further direction will be set in the U.S. trading session, after non-farm unemployment data, which historically has the biggest impact on the pair's volatility.

SWFX market sentiments stabilise around an equilibrium, as the bulls and bears posses equal shares of the market. Pending orders' segment demonstrates skewness towards bearishness, as 39% of orders are for a buy position and 61% for a short one.