FXstreet.com (Barcelona) - The bloc currency dipped further to the boundaries of 1.2850 soon after the US NFP showed that the US economy has created 171K jobs during the month of October, above forecasts at 125K and September’s 148K (revised up from 114K).
The US jobless rate up-ticked to 7.9% from 7.8%, broadly in line with forecasts.
As of writing the cross is down 0.67% at 1.2857
Next support lies at 1.2832 (MA200d) ahead of 1.2827 (Upper Bollinger) then 1.2825 (low Oct.11) and 1.2804 (low Oct.1).
On the upside, a break above 1.2950 (high Nov.2) would expose 1.2983 (high Nov.1) then the psychological level at 1.3000 and then 1.3021 (high Oct.31).
The US jobless rate up-ticked to 7.9% from 7.8%, broadly in line with forecasts.
As of writing the cross is down 0.67% at 1.2857
Next support lies at 1.2832 (MA200d) ahead of 1.2827 (Upper Bollinger) then 1.2825 (low Oct.11) and 1.2804 (low Oct.1).
On the upside, a break above 1.2950 (high Nov.2) would expose 1.2983 (high Nov.1) then the psychological level at 1.3000 and then 1.3021 (high Oct.31).
