FXstreet.com (Barcelona) - After it rises more than 85 pips from the 1.2665 to the 1.2754 on US NFP and Unemployment worst than expected data, the EUR/USD's rally was capped at the 1.2750 resistance and it has fallen below the 1.2700 field.
Currently, the EUR/USD is trading at the 1.2675/95 band, if the pair down movement is confirmed, the pair will try to break below the 1.2660 support and 1.2600 before to launch an assault to the 1.2550/60 congested band.
On the upside, Nick Nasad, Currency Analyst at CMS, says: It is Friday, and we had some significant moves already today, so the alternative is some increased volatility but price action that does see an extended follow through. You have to watch the charts and see if key levels like 1.2735 for EUR/USD hold. After 1.2735, the next level of importance is 1.28