US dollar remains weak after the US employment report affected by soft wage data. EUR/USD consolidates weekly gains as it continues to recover after finding support last week above 1.1500. The EUR/USD pair broke to the upside after the release of the US employment report. It peaked at 1.1764, the highest level since June 14. During the last hour, it remained firm above 1.1750, consolidating daily and weekly gains. The move higher was boosted by a decline of the greenback after NFP. According to the employment report, the US economy added 213K new jobs in June, above the 195K expected. But, on the weak side, the unemployment rate rose from 3.8% to 4.0% and average hourly earnings, rose 0.2%, below market consensus. The US dollar was already down for the day before NFP amid the ongoing trade war between the US and China and escalating tensions. EUR/USD Levels to watch The pair is testing the 1.1765/70 resistance, a break higher could open the doors for 1.1800/05, the next level to watch. Above 1.1800 the 1.1840/45 area is a key resistance that capped the upside two times in June: a break higher could strengthen the outlook for the euro. On the flip side, the immediate support is now 1.1720/25 and below here an uptrend line from last week low, currently at 1.1685 is likely to offer support. As long as EUR/USD remains on top of the mentioned line, the bias would favor the upside. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cardano price analysis: ADA/USD lags reaction as Cardano Foundation releases new roadmap FX Street 3 years US dollar remains weak after the US employment report affected by soft wage data. EUR/USD consolidates weekly gains as it continues to recover after finding support last week above 1.1500. The EUR/USD pair broke to the upside after the release of the US employment report. It peaked at 1.1764, the highest level since June 14. During the last hour, it remained firm above 1.1750, consolidating daily and weekly gains. The move higher was boosted by a decline of the greenback after NFP. According to the employment report, the US economy added 213K new jobs in June, above the 195K expected.… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
