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8 May 2015
EUR/USD back around 1.1200
FXStreet (Edinburgh) - The single currency quickly faded the spike post-NFP on Friday, now dragging EUR/USD back to the 1.1200 neighbourhood.
EUR/USD quite volatile after Payrolls
The pair rapidly clinched the vicinity of 1.1300 the figure after the US economy created 223K jobs during April, up from March’s 85K (revised lower from 126K), in line with forecasts for a 225K gain. However, the up move lacked follow through and reversed to the 1.1200/1.1180 area, where it is now trying to consolidate.
Still in the US docket, the unemployment rate ticked lower to 5.4% vs. 5.5% anticipated and the Average Hourly Earnings improved at an annual pace of 2.2% from 2.1%.
EUR/USD levels to consider
As of writing the pair is losing 0.48% at 1.1229 with the next support at 1.1179 (low May 8) followed by 1.1175 (low May 6) and finally 1.1100 (psychological level). On the flip side, a breakout of 1.1272 (high May 8) would aim for 1.1300 (psychological level) and then 1.1393 (high May 7).
EUR/USD quite volatile after Payrolls
The pair rapidly clinched the vicinity of 1.1300 the figure after the US economy created 223K jobs during April, up from March’s 85K (revised lower from 126K), in line with forecasts for a 225K gain. However, the up move lacked follow through and reversed to the 1.1200/1.1180 area, where it is now trying to consolidate.
Still in the US docket, the unemployment rate ticked lower to 5.4% vs. 5.5% anticipated and the Average Hourly Earnings improved at an annual pace of 2.2% from 2.1%.
EUR/USD levels to consider
As of writing the pair is losing 0.48% at 1.1229 with the next support at 1.1179 (low May 8) followed by 1.1175 (low May 6) and finally 1.1100 (psychological level). On the flip side, a breakout of 1.1272 (high May 8) would aim for 1.1300 (psychological level) and then 1.1393 (high May 7).