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FXstreetcom (Barcelona) - The Euro reacted positively to January's Non-farm Payrolls Report and rebound from 1.3645 session low reached intra-day resistance at 1.3745, before being rejected and drop back to levels below 1.3700 at the moment of writing.
Initial support level lies at 1.3645 (session low), and below here, 1.3630/40 and 1.3600. On the upside initial resistance remains at 1.3745 intra-day high, and above here, 1.3780, and 1.3820/30.
US non-farm payrolls have declined by 20,000 persons in January, against market expectations of a 15,000 to 20,000 increase, while claims for December have been revised to a 150,000 decline from the 85,000 drop previously estimated.
The unemployment rate unexpectedly falling to 9.7%, its lowest level since August of last year, from 10.0% in December, market analysts expected unemployment to remain at 10.0% rate.
Forex: EUR/USD post-nfp jump halts at 1.3745
Posted 2/5/2010 9:14 AM ET by from FXstreet.com
Initial support level lies at 1.3645 (session low), and below here, 1.3630/40 and 1.3600. On the upside initial resistance remains at 1.3745 intra-day high, and above here, 1.3780, and 1.3820/30.
US non-farm payrolls have declined by 20,000 persons in January, against market expectations of a 15,000 to 20,000 increase, while claims for December have been revised to a 150,000 decline from the 85,000 drop previously estimated.
The unemployment rate unexpectedly falling to 9.7%, its lowest level since August of last year, from 10.0% in December, market analysts expected unemployment to remain at 10.0% rate.
