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6 Feb 2015
EUR/USD in fresh lows on Payrolls
FXStreet (Edinburgh) - The selling interest is gathering traction around the European currency on Friday, with EUR/USD navigating fresh session lows.
EUR/USD softer post-Non farm Payrolls
Spot is now rapidly intensifying its intraday decline after the US economy created 257K jobs during January, beating expectations at 234K and up from December’s 329K (revised from 251K). More data showed the unemployment rate ticked higher to 5.7%, matching prior surveys.
EUR/USD levels to watch
As of writing the pair is losing 0.88% at 1.1385 with the initial support at 1.1339 (200-h MA) ahead of 1.1330 (10-d MA) and finally 1.1280 (low Feb.2). On the flip side, a surpass of 1.1507 (21-d MA) would expose 1.1534 (high Feb.3) and then 1.1600 (psychological level).
EUR/USD softer post-Non farm Payrolls
Spot is now rapidly intensifying its intraday decline after the US economy created 257K jobs during January, beating expectations at 234K and up from December’s 329K (revised from 251K). More data showed the unemployment rate ticked higher to 5.7%, matching prior surveys.
EUR/USD levels to watch
As of writing the pair is losing 0.88% at 1.1385 with the initial support at 1.1339 (200-h MA) ahead of 1.1330 (10-d MA) and finally 1.1280 (low Feb.2). On the flip side, a surpass of 1.1507 (21-d MA) would expose 1.1534 (high Feb.3) and then 1.1600 (psychological level).