The offered tone is gathering steam around the shared currency at the end of the week, now taking EUR/USD to record daily lows in the wake of the US labour market report for the month of May.EUR/USD turns negative post-NFP Spot is now quickly shedding initial gains after the US economy created 223K jobs during May, surpassing estimates at 189K and up from April’s 159K (revised from 164K). Further data showed the unemployment rate at 3.8%, bettering prior surveys. Additionally, Average Hourly Earnings – the critical proxy for wage inflation – rose 0.3% inter-month, surprising markets to the upside. Next on tap will be the ISM Manufacturing, expected to have improved to 58.2 during last month. EUR/USD levels to watch At the moment, the pair is losing 0.27% at 1.1661 facing the immediate support at 1.1642 (low May 31) seconded by 1.1511 (2018 low May 29) and finally 1.1479 (low Jul.20 2017). On the upside, a breakout of 1.1724 (high May 31) would target 1.1782 (21-day sma) en route to 1.1830 (high May 22). 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 Gold drops to fresh weekly lows on upbeat NFP report FX Street 5 years The offered tone is gathering steam around the shared currency at the end of the week, now taking EUR/USD to record daily lows in the wake of the US labour market report for the month of May.EUR/USD turns negative post-NFP Spot is now quickly shedding initial gains after the US economy created 223K jobs during May, surpassing estimates at 189K and up from April's 159K (revised from 164K). Further data showed the unemployment rate at 3.8%, bettering prior surveys. Additionally, Average Hourly Earnings - the critical proxy for wage inflation - rose 0.3% inter-month, surprising markets to the upside. Next… Regulated 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.
