FXstreet.com (Barcelona) - The single currency is picking up pace on Friday after the US economy has created 157K jobs during January, below expectations at 160K and lower than December’s 196K. Continuing with the data, the US jobless rate has up ticked to 7.9% from 7.8%.
As of writing, the cross is up 0.61% at 1.3660 facing the next resistance at 1.3815 (high Nov.14) and then 1.3833 (61.8% of 2011-2012 decline).
On the flip side, a dip below 1.3574 (hourly low Feb.1) would expose 1.3542 (low Jan.31).
As of writing, the cross is up 0.61% at 1.3660 facing the next resistance at 1.3815 (high Nov.14) and then 1.3833 (61.8% of 2011-2012 decline).
On the flip side, a dip below 1.3574 (hourly low Feb.1) would expose 1.3542 (low Jan.31).
