6 Mar 2015
EUR/USD takes a breather below 1.0900
FXStreet (Córdoba) - EUR/USD fell below 1.0850 and hit a fresh 11 ½-year low during the American session as the greenback was lifted by a strong US nonfarm payrolls report.
EUR/USD los nearly 150 pips in the minutes that followed the employment figures and scored its lowest level since Sept 4 2003 at 1.0844 before finally steadying. The pair is taking a breather, having spent the last hours in a tight range near recent lows. At time of writing, EUR/USD is trading at 1.0865, 1.49% below its opening price.
Data showed US economy created 295K new jobs in February, versus 240K expected, while the unemployment rate fell to 5.5%.
EUR/USD levels to watch
In terms of technical levels, next supports could be found at 1.0809 (Sept 4 2003 low), 1.0784 (Aug 26 2003 low) and 1.0759 (Sept 2003 monthly low). On the other hand, resistances are now seen at 1.0900 (psychological level), 1.0987 (Mar 5 low) and 1.1000 (psychological level).
EUR/USD los nearly 150 pips in the minutes that followed the employment figures and scored its lowest level since Sept 4 2003 at 1.0844 before finally steadying. The pair is taking a breather, having spent the last hours in a tight range near recent lows. At time of writing, EUR/USD is trading at 1.0865, 1.49% below its opening price.
Data showed US economy created 295K new jobs in February, versus 240K expected, while the unemployment rate fell to 5.5%.
EUR/USD levels to watch
In terms of technical levels, next supports could be found at 1.0809 (Sept 4 2003 low), 1.0784 (Aug 26 2003 low) and 1.0759 (Sept 2003 monthly low). On the other hand, resistances are now seen at 1.0900 (psychological level), 1.0987 (Mar 5 low) and 1.1000 (psychological level).