5 Dec 2014
EUR/USD testing fresh lows post-Payrolls
FXStreet (Edinburgh) - The offered tone is now picking up pace around the single currency, sending EUR/USD to fresh intraday lows below the 1.2300 handle.
EUR/USD hurt by upbeat Non farm Payrolls
The pair has seen its demand depressed further after the US economy added 321K jobs during November, surpassing estimates at 232K and up from October’s 243K (revised from 214K). More data showed the jobless rate stayed put at 5.8%, matching previous surveys. Still in the US economy, the trade deficit came in at $43.40 billion during October vs. 43.6 billion in the previous month. Next of note will be Factory Orders (0.1% exp. in October), the speech by Fed’s S.Fischer and the Consumer Credit Change ($16.48 billion exp.)
EUR/USD levels to watch
At the moment the pair is retreating 0.03% at 1.2377 with the next support at 1.2280 (2014 low Dec.4) ahead of 1.2256 (low Aug.16 2012) and finally 1.2242 (low Aug.10 2012). On the upside, a breakout of 1.2426 (10-d MA) would expose 1.2453 (21-d MA) and then 1.2476 (high Dec.2).
EUR/USD hurt by upbeat Non farm Payrolls
The pair has seen its demand depressed further after the US economy added 321K jobs during November, surpassing estimates at 232K and up from October’s 243K (revised from 214K). More data showed the jobless rate stayed put at 5.8%, matching previous surveys. Still in the US economy, the trade deficit came in at $43.40 billion during October vs. 43.6 billion in the previous month. Next of note will be Factory Orders (0.1% exp. in October), the speech by Fed’s S.Fischer and the Consumer Credit Change ($16.48 billion exp.)
EUR/USD levels to watch
At the moment the pair is retreating 0.03% at 1.2377 with the next support at 1.2280 (2014 low Dec.4) ahead of 1.2256 (low Aug.16 2012) and finally 1.2242 (low Aug.10 2012). On the upside, a breakout of 1.2426 (10-d MA) would expose 1.2453 (21-d MA) and then 1.2476 (high Dec.2).