FXstreet.com (Barcelona) - Euro decline post-non-farm payrolls has found support at 1.4485 and the pair reacted to the upside returning above 1.4500 to reach levels at 1.4535 at the moment of writing.
On the upside, the Euro might find resistance at 1.4565 intra-day high, and above here, 1.4580/85 and 1.4600/15. On the downside initial support lies at 1.4485/00, and below here 1.4445 (Aug 5 high) and 1.4410.
Focus is now at the Wall Street opening as, according to Nick Nasad, currency market analyst with CMS Forex, it could set the pair¡'s direction from now on: How stocks perform in the US will be a driver of risk sentiment which affects the EUR/USD pair so there is definetly more action to come before we quiet down say 12 PM ET. Short term support as we saw has come from the 1.45 area, though we did dip below that for a brief moment.
On the downside, Nasad advances the possibility of a test of 1.4400 level: To those believing that risk aversion will continue next week (say from poor earnings), we could see a test of 1.44, which was an old resistance level, and a 61.8% retracement of the rally in the Euro during September.