7 Aug 2015
EUR/USD drops to lows on Payrolls
FXStreet (Edinburgh) - The selling interest is now gathering traction around the common currency, pushing EUR/USD to post fresh daily troughs.
EUR/USD stronger after NFP
The pair's decline is now quickly picking up pace after the US economy created 215K jobs during July, coming in short expectations at 222K and down from June’s 231K (revised from 223K). Further data showed the unemployment rate stayed put at 5.3%, while Average Hourly Earnings gained 0.2% on a monthly basis.
EUR/USD relevant levels
As of writing the pair is losing 39% at 1.0881 with the next support at 1.0848 (low Aug.5) ahead of 1.0811 (low Jul.11) and then 1.0789 (low Apr.24). On the flip side, a break above 1.0944 (high Jul.6) would target 1.0990 (high Aug.4) en route to 1.1080 (high Jul.29).
EUR/USD stronger after NFP
The pair's decline is now quickly picking up pace after the US economy created 215K jobs during July, coming in short expectations at 222K and down from June’s 231K (revised from 223K). Further data showed the unemployment rate stayed put at 5.3%, while Average Hourly Earnings gained 0.2% on a monthly basis.
EUR/USD relevant levels
As of writing the pair is losing 39% at 1.0881 with the next support at 1.0848 (low Aug.5) ahead of 1.0811 (low Jul.11) and then 1.0789 (low Apr.24). On the flip side, a break above 1.0944 (high Jul.6) would target 1.0990 (high Aug.4) en route to 1.1080 (high Jul.29).