In the US, the Nonfarm Payrolls (June) missed results by reporting a result of 80k, vs. consensus expectations of 90k. The highly anticipated Unemployment Rate gave a figure of 8.2% in June, equaling expectations of 8.2 %. Finally, the index of Average Hourly Earnings (MoM and YoY) has grown +0.3% in June (vs. +0.2% forecast) and 2.0% (from +1.7% in the previous month) respectively.
At the time of writing, the cross is trading around the region of 79.61, depreciating -0.41% below its opening level. According to technical analysts ICN.com, the next short-term supports are located at 79.60, 79.25, and finally 79.00. On the opposite side, the On the opposite side, the pair will encounter resistance levels at 80.10, 80.40, then 80.75.