Futures and Options Serving Intelligent Investors
Euro/dollar
The euro shot higher against the U.S. dollar on Friday, after data reports that the U.S. economy added fewer jobs than expected last month but weak German data pressure the single currency. The U.S. unemployment rate ticked down to 6.6% last month, from 6.7% in December. Analysts had expected the unemployment rate to remain unchanged in January.
Euro hit the day’s high at 1.3643 after the data release, coming back from the low of the day at 1.3552
The EUR/USD will find support at 1.3544, the low of January 30 and resistance at 1.3685, the high of January 29.
