Forex
EUR/USD Price Holds Above Key Moving Average Ahead of US NFP Data
The EUR/USD price is holding above its 100-day simple moving average (SMA) at 1.1564, indicating a mildly bullish near-term bias.
According to the Relative Strength Index (RSI), momentum is positive but not overstretched, suggesting that buyers retain control while avoiding overbought conditions.
The US Dollar Index (DXY) trades close to Thursday's low near 99.00, while investors await key United States (US) Nonfarm Payrolls (NFP) data for August.
Fed's Waller said he would support holding the policy rate steady at the September policy meeting if August inflation data shows progress towards the 2% target.