2 May 2014
EUR/USD approaches to the 1.3800 level
FXStreet (San Francisco) - Dollar king! That's the shout right now on currency market as Greenback's buyers are welcoming US April employment report. So, the EUR/USD declined over 50 pips from 1.3865 in the latest few minutes to price at daily lows around 1.3810.
Better than expected nonfarm payrolls with 288K in April fuels pro-dollar trade. Also unemployment rate that fall to 6.3%; however, participation rate declined 0.4%.
The EUR/USD is now trading around 1.3815, 0.38% down on the day and just ahead of the 1.3800 level. The pair posted a daily high at 1.3872 and low at 1.3814.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bullish.
EUR/USD levels
Below the 1.3810 level, the EUR/USD would face next supports at 1.3800 and 1.3770. On the upside, a breakout of 1.3889 (high May 1) would open the door to 1.3906 (high Apr.11) and then 1.3935 (high Mar.19).
Better than expected nonfarm payrolls with 288K in April fuels pro-dollar trade. Also unemployment rate that fall to 6.3%; however, participation rate declined 0.4%.
The EUR/USD is now trading around 1.3815, 0.38% down on the day and just ahead of the 1.3800 level. The pair posted a daily high at 1.3872 and low at 1.3814.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bullish.
EUR/USD levels
Below the 1.3810 level, the EUR/USD would face next supports at 1.3800 and 1.3770. On the upside, a breakout of 1.3889 (high May 1) would open the door to 1.3906 (high Apr.11) and then 1.3935 (high Mar.19).