8 Jan 2016
EUR/USD slips to fresh lows on Payrolls
FXStreet (Edinburgh) - The selling pressure is now picking up pace around the common currency, sending EUR/USD to test fresh daily lows.
EUR/USD weaker post-Non farm Payrolls
Spot has seen its downside renewed after the US economy has created 292K jobs during December, beating forecasts for 200K gain and up from November’s 252K (revised from 211K). Further data saw the unemployment rate at 5.0%, matching previous estimates.
EUR/USD levels to watch
The pair is retreating 1.05% at 1.0820 with the immediate support at 1.0800 (psychological level) followed by 1.0798 (50% Fibo of 1.0538-.1059) and then 1.0538 (low Dec.3). On the other hand, a break above 1.1032 (100-day sma) would target 1.1059 (high Dec.15) en route to 1.1136 (5-month downtrend).
EUR/USD weaker post-Non farm Payrolls
Spot has seen its downside renewed after the US economy has created 292K jobs during December, beating forecasts for 200K gain and up from November’s 252K (revised from 211K). Further data saw the unemployment rate at 5.0%, matching previous estimates.
EUR/USD levels to watch
The pair is retreating 1.05% at 1.0820 with the immediate support at 1.0800 (psychological level) followed by 1.0798 (50% Fibo of 1.0538-.1059) and then 1.0538 (low Dec.3). On the other hand, a break above 1.1032 (100-day sma) would target 1.1059 (high Dec.15) en route to 1.1136 (5-month downtrend).