7 Jun 2013
Forex: EUR/USD flat on better US NFP
FXstreet.com (Barcelona) - The EUR/USD is trading flat on Friday after the US economy has created 175K jobs during January, beating expectations at 165K and up from April’s 149K (revised). Continuing with the data, the US jobless rate has up ticked to 7.6% from 7.5%.
The pair is now flat at 1.3245 and a breakdown of 1.3104 (MA100d) would target 1.3075 (low Jun.6) and finally 1.3053 (low Jun.5). On the upside, resistance levels align at 1.3306 (high Jun.6) followed by 1.3319 (high Feb.25) and then 1.3341 (61.8% of Feb-Apr slide).
The pair is now flat at 1.3245 and a breakdown of 1.3104 (MA100d) would target 1.3075 (low Jun.6) and finally 1.3053 (low Jun.5). On the upside, resistance levels align at 1.3306 (high Jun.6) followed by 1.3319 (high Feb.25) and then 1.3341 (61.8% of Feb-Apr slide).