Home / FOREX / A huge day for Euro

A huge day for Euro

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.

 

USD/JPY heavy losses

Read the latest forex daily report

FX Daily report on EUR/USD

Check Also

$eurusd 104

Forex Technical analysis week: 9-13 October 2017

Forex Technical analysis week: 9-13 October 2017 10-12-2017 GBPUSD regains bullish momentum breaking above the 50 hour moving average and also breaking above the 50 daily moving average after rumors that EU may offer UK a 2 year transition period, stay long as the pair is trading above 1.32 10-11-2017 EURUSD keeps the positive momentum ...