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6 Feb 2015
EUR/USD keeps lows near 1.1360
FXStreet (Edinburgh) - Sellers continue to cluster around the single currency following the US Non-farm Payrolls, sending EUR/USD to the area of session lows around 1.1370/60.
EUR/USD hurt post-data
The pair sunk to the vicinity of 1.1360 after the critical Non-farm Payrolls surprised investors during January, showing that the economy created 257k jobs vs. 234K forecasted. Of note however, was the 0.5% monthly gain in the Average Hourly Earnings, posting the biggest increase in wages since November 2008; over the last twelve months it expanded 2.2%.
EUR/USD significant levels
As of writing the pair is losing 0.98% at 1.1373 with the initial support at 1.1304 (low Feb.5) ahead of 1.1280 (low Feb.2) and then 1.1262 (low Jan.29). On the flip side, a breakout of 1.1494 (21-d MA) would expose 1.1500 (psychological level) and then 1.1534 (high Feb.3).
EUR/USD hurt post-data
The pair sunk to the vicinity of 1.1360 after the critical Non-farm Payrolls surprised investors during January, showing that the economy created 257k jobs vs. 234K forecasted. Of note however, was the 0.5% monthly gain in the Average Hourly Earnings, posting the biggest increase in wages since November 2008; over the last twelve months it expanded 2.2%.
EUR/USD significant levels
As of writing the pair is losing 0.98% at 1.1373 with the initial support at 1.1304 (low Feb.5) ahead of 1.1280 (low Feb.2) and then 1.1262 (low Jan.29). On the flip side, a breakout of 1.1494 (21-d MA) would expose 1.1500 (psychological level) and then 1.1534 (high Feb.3).