5 Jun 2015
EUR/USD printing lows post-Payrolls
FXStreet (Edinburgh) - The single currency is rapidly losing ground vs. the US dollar, dragging EUR/USD to fresh daily lows.
EUR/USD stronger on weak NFP
Spot is trading on a weaker tone after the US economy added 280K jobs during May, surpassing previous estimates at 225K. Further US data, saw the unemployment rate ticking higher to 5.5%.
In addition, Average Hourly Earnings gained 0.3% inter-month.
EUR/USD levels to watch
The pair is down 0.95% at 1130 with the next hurdle at 1.1383 (high May 13) ahead of 1.1400 (psychological level) and finally 1.1450 (high May 18). On the downside, a break below 1.1100 (psychological level) would expose 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).
EUR/USD stronger on weak NFP
Spot is trading on a weaker tone after the US economy added 280K jobs during May, surpassing previous estimates at 225K. Further US data, saw the unemployment rate ticking higher to 5.5%.
In addition, Average Hourly Earnings gained 0.3% inter-month.
EUR/USD levels to watch
The pair is down 0.95% at 1130 with the next hurdle at 1.1383 (high May 13) ahead of 1.1400 (psychological level) and finally 1.1450 (high May 18). On the downside, a break below 1.1100 (psychological level) would expose 1.1079 (low Jun.3) and then 1.0918 (low Jun.2).