FXStreet, The GBP strengthened its downside correction after the release of the US NFP for April, and so was the day deep in the area of the 1,0950 formed.
EUR/USD is weakened with NFP
The weakness of the Euro after the U.S. economic data, while in the last month 211K new jobs were created, more than the expected 185K and 79K in March (revised from 98K).
The unemployment rate fell to 4.4%, while with an increase of 4.6 % was expected. The growth of average hourly wages was on a monthly basis at 0.3%.
• EUR/USD target is now the 1,1098
• EUR/USD gains can more than 1.10 expanded
EUR/USD significant levels
Currently, the daily loss -0,15% 1,0969 and the next supports is at 1,0890 (23,6 % Fibo of the April to may rally), 1,0833 (200-day SMA) and 1,0819 (Deep 24. April). On the other hand, Resistances can be found at 1,0900 (2017 High-5. May), 1.1000 (psychological level) and 1.1300 (High-9. November).
** FXStreet News Editorial, FXStreet**