EUR/USD muted after Payrolls

By FXstreet.com | June 06, 2014 AAA

FXStreet (Edinburgh) - The euro is indifferent against the greenback, taking the EUR/USD to the 1.3630/35 area.



EUR/USD indifferent post-NFP



The pair kept the composure on Friday, after in-line US Payrolls. In fact, the US economy added 217K jobs during May, matching forecasts for 218K. In addition, the unemployment rate remained at 6.3% in the same period. Next of note in the pair will be the release of tomorrow’s Chinese Trade Balance figures for the month of May, which would surely add to the risk trends at the beginning of the next week.



EUR/USD levels to watch



As of writing the pair is down 0.10% at 1.3646 with the immediate resistance at 1.3666 (21-d MA) followed by 1.3670 (high Jun.5) and then 1.3688 (high May 22). On the downside, a breach of 1.3503 (low Jun.5) would open the door to 1.3482 (low Feb.6) and then 1.3477 (2014 low Feb.3).



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