EUR/USD refreshes session tops and retreats on mixed US employment details

08.03.2019

   •  US economy added only 20K new jobs in February, down from upwardly revised 311K previous.
   •  Unemployment rate drops to 3.8% and average hourly earnings also better market expectations.
   •  Upbeat US housing market data further extend some support to the USD and capped further gains.
The EUR/USD pair built on its steady intraday climb and spiked to fresh session tops, around the 1.1235-40 region on awful headline NFP print, albeit quickly retreated few pips thereafter. The latest employment details showed that the US economy added only 20K new jobs in February, down from previous month’s upwardly revised reading of 311K and worse than consensus estimates pointing to 180K new jobs. However, the disappointing reading, to a larger extent, was offset by a drop in the unemployment rate to 3.3% from 4.0% previous and stronger than expected wage growth data, showing that average hourly earnings rose 0.4% m/m and 3.4% y/y during the reported month.  The readings were better than 0.3% m/m and 3.3% y/y rates expected, which coupled with better than expected US housing market data – building permits and housing starts, extended some support to the US Dollar and kept a lid on any runaway rally, at least for the time being. Technical levels to watch

EUR/USD

Overview:
    Today Last Price: 1.1222
    Today Daily change: 40 pips
    Today Daily change %: 0.36%
    Today Daily Open: 1.1182
Trends:
    Daily SMA20: 1.1323
    Daily SMA50: 1.1382
    Daily SMA100: 1.1378
    Daily SMA200: 1.1501
Levels:
    Previous Daily High: 1.1322
    Previous Daily Low: 1.1176
    Previous Weekly High: 1.1422
    Previous Weekly Low: 1.1328
    Previous Monthly High: 1.1489
    Previous Monthly Low: 1.1234
    Daily Fibonacci 38.2%: 1.1232
    Daily Fibonacci 61.8%: 1.1266
    Daily Pivot Point S1: 1.1131
    Daily Pivot Point S2: 1.1081
    Daily Pivot Point S3: 1.0986
    Daily Pivot Point R1: 1.1277
    Daily Pivot Point R2: 1.1372
    Daily Pivot Point R3: 1.1422

 

Original from: www.fxstreet.com

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