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Forex pairs in this Article » EUR/USD
FXstreet.com (Córdoba) - As it usually happens after the NFP report, the EUR/USD reversed the knee-jerk slump and climbed to fresh highs as investors assess the data.

USD strength was short-lived as the EUR/USD managed to bounce strongly from the 1.3620 support zone and rallied to a fresh 5-week high of 1.3693 so far. Strong employment data, NFP came in at 203,000 versus 180,000 expected, gave the greenback a boost but it seems the market is having second thoughts on the Fed taper prospects. "Stocks are rallying strongly in the wake of the firm but not too-firm US employment report", says Jamie Coleman, analyst at FXBeat. "A taper is coming, but not in December. That seems to be the view".

EUR/USD technical levels

At time of writing, EUR/USD is trading at the 1.3670 area, virtually unchanged on the day with immediate resistances at 1.3700 (key psychological level) and 1.3739 (Oct 31 high). On the flip side, supports are seen at 1.3620 (daily low/Nov 29 high) it could fall to 1.3600 (psychological level) and then 1.3542 (Dec 5 low).
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