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2 Aug 2013
EUR/USD back to 1.3280 on NFP
FXstreet.com (Edinburgh) - The single currency is accelerating its rebound on Thursday, lifting the EUR/USD to 1.3280 after the poor print from the US Payroll for July.
EUR/USD extends the upside
The pair is intensifying its positive tone after the US economy created 162K jobs during the month of July, below the median at 185K and June’s 188K (revised from 195K). Further data showed that the unemployment rate ticked lower to 7.4% during the same period, below estimates.
EUR/USD key levels
As of writing the pair is up 0.39% at 1.3260 and a dip below 1.3166 (low Jul.25) would expose 1.3164 (low Jul.23). On the upside, resistance levels align at 1.3311 (high Aug.1) ahead of 1.3345 (high Jul.31) and then 1.3417 (high Jun.19).
EUR/USD extends the upside
The pair is intensifying its positive tone after the US economy created 162K jobs during the month of July, below the median at 185K and June’s 188K (revised from 195K). Further data showed that the unemployment rate ticked lower to 7.4% during the same period, below estimates.
EUR/USD key levels
As of writing the pair is up 0.39% at 1.3260 and a dip below 1.3166 (low Jul.25) would expose 1.3164 (low Jul.23). On the upside, resistance levels align at 1.3311 (high Aug.1) ahead of 1.3345 (high Jul.31) and then 1.3417 (high Jun.19).