5 Dec 2014
EUR/USD posts a new 2-year low – FXStreet
FXStreet (Barcelona) - According to Valeria Bednarik, Chief Analyst at FXStreet, the outstanding NFP reading pushed the EUR/USD pair lower to post a new 2-year low below 1.2278.
Key Quotes
“The EUR/USD has posted a new 2-year low a few pips below previous one at 1.2278 following an outstanding NFP reading, as the US economy managed to add 312K new jobs in November, while unemployment rate remained steady at 5.8% and previous number was revised up by 30K.”
“The 1 hour chart shows a strong bearish momentum as moving averages capped the upside, while in the 4 hours chart technical readings are also biased lower well into negative territory. 1.2270 is the immediate support to break and a weekly close below it should anticipate further slides ahead.”
Key Quotes
“The EUR/USD has posted a new 2-year low a few pips below previous one at 1.2278 following an outstanding NFP reading, as the US economy managed to add 312K new jobs in November, while unemployment rate remained steady at 5.8% and previous number was revised up by 30K.”
“The 1 hour chart shows a strong bearish momentum as moving averages capped the upside, while in the 4 hours chart technical readings are also biased lower well into negative territory. 1.2270 is the immediate support to break and a weekly close below it should anticipate further slides ahead.”