6 Jun 2014
EUR/USD decides for the upside; fresh 2-week highs
FXStreet (San Francisco) - The Euro is trading higher against the US Dollar following the US employment report in May. The EUR/USD jumped 50 pips in the last hour to trade at highs since May 22 at 1.3670.
Currently, EUR/USD is trading at 1.3672, up 0.09% on the day, having posted a daily high at 1.3678 and low at 1.3621. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
US created 217K new norfarm payrolls in May, unemployment rate remains at 6.3%; while the participation rate was unchanged at 62.8%.
EUR/USD levels
The next resistance in EUR/USD is located at 1.3688 (high May 22). On the downside, a breach of 1.3503 (low Jun.5) would open the door to 1.3482 (low Feb.6) and then 1.3477 (2014 low Feb.3).
Currently, EUR/USD is trading at 1.3672, up 0.09% on the day, having posted a daily high at 1.3678 and low at 1.3621. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
US created 217K new norfarm payrolls in May, unemployment rate remains at 6.3%; while the participation rate was unchanged at 62.8%.
EUR/USD levels
The next resistance in EUR/USD is located at 1.3688 (high May 22). On the downside, a breach of 1.3503 (low Jun.5) would open the door to 1.3482 (low Feb.6) and then 1.3477 (2014 low Feb.3).