9 Jan 2015
EUR/USD falls to daily lows after nonfarm payrolls
FXStreet (Córdoba) - EUR/USD printed a fresh daily lows and quickly bounced after data showed US created more jobs than expected in December, recording the eleventh month in a row above 200K.
The US economy added 252,000 jobs in December and the unemployment rate fell to 5.6% from 5.8%, beating expectations of a 240,000 gain, but still down from the outstanding November reading of 353K (upwardly revised from 321K).
EUR/USD initially moved down and hit a low of 1.1774 but lacked follow-through. At time of writing, the pair is trading at 1.1805, still 0.13% above its opening price.
EUR/USD technical levels
As for technical levels, immediate resistances are seen at 1.1846 (Jan 8 high), 1.1859 (100-day SMA) and 1.1895 (Jan 7 high). On the other hand, supports could be found at 1.1753 (Jan 8 low), 1.1705/00 (Dec 7 & 8 2005 lows/psychological level) and 1.1688 (Dec 5 2005 low).
The US economy added 252,000 jobs in December and the unemployment rate fell to 5.6% from 5.8%, beating expectations of a 240,000 gain, but still down from the outstanding November reading of 353K (upwardly revised from 321K).
EUR/USD initially moved down and hit a low of 1.1774 but lacked follow-through. At time of writing, the pair is trading at 1.1805, still 0.13% above its opening price.
EUR/USD technical levels
As for technical levels, immediate resistances are seen at 1.1846 (Jan 8 high), 1.1859 (100-day SMA) and 1.1895 (Jan 7 high). On the other hand, supports could be found at 1.1753 (Jan 8 low), 1.1705/00 (Dec 7 & 8 2005 lows/psychological level) and 1.1688 (Dec 5 2005 low).