4 Apr 2014
EUR/USD pushing lower post NFPs
FXStreet (London) - EUR/USD is extending its decline from the weekly high of 1.3820, to post a monthly low at 1.3676, just below current price action in the aftermath of todays US Employment data.
EUR/USD declines as US Jobs slightly miss forecasts
Despite an initial jolt to the upside to post a daily high at 1.3731, EUR/USD settled and eventually declined following todays jobs data. US NFPs came in at 192k against forecasts of 200k, alongside US Unemployment sticking to 6.7%.
EUR/USD Technicals
Currently, EUR/USD is trading at 1.3677, down -0.30% on the day, having posted a daily high at 1.3732 and low at 1.3675. Daily RSI sits at 42.91, in neutral territory while daily 2-Standard Deviation Volatility Bandwidth is shrinking at 253 pips.
EUR/USD Levels
Current price is 1.3680, with resistance ahead at 1.3686 (Daily 100 SMA), 1.3698 (Yesterday's Low), 1.3713 (Hourly 20 EMA), 1.3720 (Daily Open) and 1.3720 (Monthly Low). Next support to the downside can be found at 1.3678 (Weekly Classic S1), 1.3676 (Daily Classic S1), 1.3675 (Daily Low), 1.3633 (Daily Classic S2) and 1.3606 (Weekly Classic S2).
EUR/USD declines as US Jobs slightly miss forecasts
Despite an initial jolt to the upside to post a daily high at 1.3731, EUR/USD settled and eventually declined following todays jobs data. US NFPs came in at 192k against forecasts of 200k, alongside US Unemployment sticking to 6.7%.
EUR/USD Technicals
Currently, EUR/USD is trading at 1.3677, down -0.30% on the day, having posted a daily high at 1.3732 and low at 1.3675. Daily RSI sits at 42.91, in neutral territory while daily 2-Standard Deviation Volatility Bandwidth is shrinking at 253 pips.
EUR/USD Levels
Current price is 1.3680, with resistance ahead at 1.3686 (Daily 100 SMA), 1.3698 (Yesterday's Low), 1.3713 (Hourly 20 EMA), 1.3720 (Daily Open) and 1.3720 (Monthly Low). Next support to the downside can be found at 1.3678 (Weekly Classic S1), 1.3676 (Daily Classic S1), 1.3675 (Daily Low), 1.3633 (Daily Classic S2) and 1.3606 (Weekly Classic S2).