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8 Mar 2013
Forex: EUR/USD dips to session lows on stronger US NFP
The single currency dropped to fresh session lows around 1.3025 on Friday after the US economy has created 236K jobs during February, beating expectations at 160K and up from January’s 119K. Continuing with the data, the US jobless rate ticked lower to 7.7% from 7.9%.
As of writing, the cross is down 0.57% at 1.3029 facing the next resistance at 1.3163 (high Feb.28) followed by the psychological level at 1.3200 and then 1.3269 (Ichimoku Cloud base).
On the flip side, the next support is at 1.2970 (low Mar.7) ahead of 1.2966 (2013 low Mar.1).
As of writing, the cross is down 0.57% at 1.3029 facing the next resistance at 1.3163 (high Feb.28) followed by the psychological level at 1.3200 and then 1.3269 (Ichimoku Cloud base).
On the flip side, the next support is at 1.2970 (low Mar.7) ahead of 1.2966 (2013 low Mar.1).