4 Sep 2015
EUR/USD drops to lows post-Payrolls
FXStreet (Edinburgh) - The common currency is now rapidly depreciating vs. the dollar, relegating EUR/USD to fresh daily lows.
EUR/USD much weaker on US data
The pair’s decline has accelerated despite US Non-farm Payrolls have surprised markets to the downside, showing that the economy has created 173K jobs during August vs. 220K previously estimated and July’s 245K (revised from 215K).
Further data showed the unemployment rate ticking lower to 5.1%, bettering consensus.
EUR/USD key levels
At the moment the pair is losing 0.14% at 1.1106 with the immediate support at 1.1057 (low Aug.12) ahead of 1.1017 (low Aug.20) and finally 1.1000 (psychological level). On the upside, a breakout of 1.1294 (high Sep.2) would target 1.1320 (high Sep.2) en route to 1.1333 (high Sep.1).
EUR/USD much weaker on US data
The pair’s decline has accelerated despite US Non-farm Payrolls have surprised markets to the downside, showing that the economy has created 173K jobs during August vs. 220K previously estimated and July’s 245K (revised from 215K).
Further data showed the unemployment rate ticking lower to 5.1%, bettering consensus.
EUR/USD key levels
At the moment the pair is losing 0.14% at 1.1106 with the immediate support at 1.1057 (low Aug.12) ahead of 1.1017 (low Aug.20) and finally 1.1000 (psychological level). On the upside, a breakout of 1.1294 (high Sep.2) would target 1.1320 (high Sep.2) en route to 1.1333 (high Sep.1).