Forex: EUR/USD pierces 1.2900 ahead of payrolls
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EUR/USD
FXstreet.com (Barcelona) - The bloc currency has pierced for a few moments the key support at 1.2900 on Friday, after the majority of the ECB Governing Council would favor lower interest rates.
The euro is now hovering the 1.2900 figure ahead of the Non farm Payrolls report and the US jobless rate. Prior surveys expect the US economy to create 90K jobs during November and the unemployment rate to stay put at 7.9%.
EURUSD is now losing 0.48% at 1.2906 with the next support at 1.2894 (50% of 1.2661-1.3127) ahead of 1.2880 (low Nov.28) and 1.2875 (MA30d).
On the other hand, a break above 1.3040 (prior intraday low) then 1.3060 (low Dec.5) and 1.3087 (high Dec.6).
The euro is now hovering the 1.2900 figure ahead of the Non farm Payrolls report and the US jobless rate. Prior surveys expect the US economy to create 90K jobs during November and the unemployment rate to stay put at 7.9%.
EURUSD is now losing 0.48% at 1.2906 with the next support at 1.2894 (50% of 1.2661-1.3127) ahead of 1.2880 (low Nov.28) and 1.2875 (MA30d).
On the other hand, a break above 1.3040 (prior intraday low) then 1.3060 (low Dec.5) and 1.3087 (high Dec.6).
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