EUR/USD slid down to 100-day SMA

EUR/USD was sold-off on Thursday, while posting negative reaction to the ECB's dovish comments. At the same time, a decline was not strong enough to push the Euro below the 100-day SMA at 1.1122. This level also guards next moving averages on 200 and 55-day time frames at 1.1093/75. Therefore, we do not see an immediate failure here. On the contrary, the pair confirmed the Aug 28 low, meaning that any recovery is quite unlikely to extend noticeably higher. Meanwhile, Friday's development is hugely dependent on US payrolls data later today.  

Market sentiment picked up from 50% to 51% today, while the portion of buy orders in 100-pip range increased by seven percentage points to reach 43%.