FXStreet (Edinburgh) – The common currency is now trimming part of its intraday decline, pushing EUR/USD through the 1.1200 barrier.
EUR/USD bid post-NFP
The buying pressure is now picking up pace around EUR after US Payrolls have shown the US economy has created 142K jobs during September, missing forecasts for 203K albeit up from August’s 136K (revised from 173K).
In addition, the unemployment rate stayed put at 5.1%, matching the median. Next of relevance in the pair will be Factory Orders (0.3% exp. in August) followed by the speech by Fed’s S.Fischer.
EUR/USD levels to watch
As of writing the pair is up 0.64% at 1.1267 with the next resistance at 1.1296 (high Sep.24) ahead of 1.1330 (high Sep.21) and then 1.1373 (high Sep.14). On the flip side, a breakdown of 1.1150 (low Oct.2) would aim for 1.1116 (low Sep.25) and finally 1.1105 (low Sep.22).
(Market News Provided by FXstreet)