EUR/USD climbs to fresh highs post-Payrolls

By FXstreet.com | August 01, 2014 AAA

FXStreet (Edinburgh) - The shared currency is accelerating the intraday upside on Friday, pushing the EUR/USD to test fresh session highs.



EUR/USD firmer post-NFP



The buying interest around the EUR is intensifying following July’s US Payrolls, where the US economy added 209K jobs vs. 233K forecasted and up from June’s 298K (revised from 288K). In the same front, the unemployment rate ticked higher to 6.2% from 6.1% previous. “We will keep our bias bearish… and given the 6 big figure drop in EUR/USD since May, there is a case for soon returning to a more neutral bias”, suggested analysts at BTMU.



EUR/USD relevant levels



The pair is now up 0.25% at 1.3424 with the next hurdle at 1.3437 (10-d MA) and then 1.3444 (high Jul.29). On the downside, a breach of 1.3366 (2014 low Jul.30) would open the door to 1.3359 (low Nov.12 2013) and then 1.3345 (low Nov. 11 2013).



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