EUR/USD within range on NFP

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - The single currency keeps the composure following the US docket, with EUR/USD hovering over 1.0880/70.

    EUR/USD coming down from 1.0980

    The pair keeps the daily range after the US economy has created 211K jobs during November, beating estimates at 200K and down from October’s 298K (revised from 271K).

    Further data showed the jobless rate stayed put at 5.0%, in line with prior estimates, and Average Hourly Earnings have gained 0.2% on a monthly basis.

    EUR/USD levels to consider

    At the moment the pair is losing 0.52% at 1.0893 facing the next support at 1.0753 (23.6% Fibo of 1.1496-1.0524) followed by 1.0524 (low Dec.3) and then 1.0519 (low Apr.13). On the upside, a breakout of 1.1036 (200-day sma) would target 1.1096 (high Oct.28) en route to 1.1124 (61.8% Fibo of 1.1496-1.0524).
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