2 May 2014
EUR/USD in fresh lows on Payrolls
FXStreet (Edinburgh) - The shared currency is now rapidly losing ground vs. the greenback, dragging the EUR/USD to fresh lows near 1.3820.
EUR/USD weaker after NFP
The pair is intensifying the decline after April’s Payrolls showed that the US economy added 288K jobs, bettering forecasts for 210K jobs and up from March’s 203K (revised). Further data also showed that the jobless rate ticked lower to 6.3%, surpassing previous estimates. Spot is thus on its way to test recent lows around the 1.3830/20 area amidst a generalized USD buying interest.
EUR/USD key levels
The pair is now losing 0.32% at 1.3823 with the next support at 1.3823 (21-d MA) and finally 1.3805 (55-d MA). On the upside, a breakout of 1.3889 (high May 1) would open the door to 1.3906 (high Apr.11) and then 1.3935 (high Mar.19).
EUR/USD weaker after NFP
The pair is intensifying the decline after April’s Payrolls showed that the US economy added 288K jobs, bettering forecasts for 210K jobs and up from March’s 203K (revised). Further data also showed that the jobless rate ticked lower to 6.3%, surpassing previous estimates. Spot is thus on its way to test recent lows around the 1.3830/20 area amidst a generalized USD buying interest.
EUR/USD key levels
The pair is now losing 0.32% at 1.3823 with the next support at 1.3823 (21-d MA) and finally 1.3805 (55-d MA). On the upside, a breakout of 1.3889 (high May 1) would open the door to 1.3906 (high Apr.11) and then 1.3935 (high Mar.19).