The fresh NFP data released today
provided best numbers for the US economy and pushed the greenback higher.
287,000 jobs were created in June, well up from 11,000 in May and comparing
with the expected 180,000.
In an immediate response to the numbers publishing, the US Dollar rose sharply against the Euro and was seen marking daily highs. The EUR/USD pair went to daily lows, testing the $1.10 level, falling from $1.1083.
During the past week the pair was spiralling in tight range, stuck between the support around $1.1020 and the resistance at $1.11 zone. In case the EUR/USD pair break out from this consolidation level, we may expect the following trend to be undisturbed in the next week.
In an immediate response to the numbers publishing, the US Dollar rose sharply against the Euro and was seen marking daily highs. The EUR/USD pair went to daily lows, testing the $1.10 level, falling from $1.1083.
During the past week the pair was spiralling in tight range, stuck between the support around $1.1020 and the resistance at $1.11 zone. In case the EUR/USD pair break out from this consolidation level, we may expect the following trend to be undisturbed in the next week.
No comments:
Post a Comment