Forex: EUR/USD jumps to 1.4370 after bad US employment report

  on

FXstreet.com (Barcelona) - The EUR/USD has reacted up after the worse than expected Nonfarm Payrolls data in December with the pair climbing from 1.4262 just before data to break MA55 hourly chart at 1.4350 and test MA200 level at 1.4370. Currently the pair is trading around 1.4360/70.

The US nonfarm payrolls for December fell by 85,000, demonstrating that sustained job growth remains elusive for the world's largest economy. This result reverses two months of declining job losses and is well behind the markets expectations of a more marginal loss in the range of 2,000 positions.

.

Join the Discussion