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EUR/USD: consolidating at highs ahead of US NFP

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Current Price: 1.1202 View Live Chart for the EUR/USD Dollar's sell-off extended this Thursday, with no new catalyst behind it, although further negative US data fueled the decline early US session. The weekly unemployment claims resulted at 285K for the week ending Jan 29, worse than the expected 280K. Unit labor cost improved during the last quarter of 2015, up by 4.5% against expectations of a 3.9% advance, but nonfarm productivity during the same period shrank by 3.0%. Finally,

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