Forex: EUR/USD climbed to 1.3029 after NFP

October 05, 2012 | Filed Under »
Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - The bloc currency has climbed to levels just shy of 1.3030 after the US economy has created 114K jobs during September, marginally beating expectations at +113K and down from August +142K (revised). The unemployment rate has surprised market participants dropping to 7.8% - lowest since January 2009 - vs. estimates at 8.2% and down from 8.1% in the previous month.

The euro has now retraced some of those gains, advancing 0.01% en 1.3020 with the next resistance at 1.3032 (61.8% of 1.3173-1.2804) followed by 1.3059 (high Sep.20) then 1.3120 (high Sep.18) and 1.3127 (Upper Bollinger).
On the flip side, a penetration of 1.2943 (MA21d) would bring 1.2920 (MA10d) then 1.2878 (low Oct.4) and 1.2822 (MA200d).
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