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EURUSD moves lower after strong jobs growth

Discussion in 'Technical Analysis' started by ForexLive, Jan 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Earnings the disappointment but jobs strong The EURUSD is falling sharply on the back of the stronger US employment jobs gains. The S&P is higher at a +30 points as a result. The NASDAQ is up 77 points. The dollar is moving higher, led by the euro's decline. Technically looking at the euro, the price has moved to the 10788 – 1.0802 support level. The low comes in at 1.0801 so far. That is the low from Dec 17. The 1.0788 is the 50% of the move up from December low.

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