- EUR/USD gained about 45 pips after the release of the Non-Farm Payrolls (NFP) and the Average Hourly Earnings. The Euro rose despite that NFP came above expectations at 213K versus 195K expected in June, while wage’s growth came slightly below expectations at 2.7% against 2.8% forecast.
- EUR/USD broke above 1.1730, the 23.6% Fibonacci retracement from the mid-April-May bear move.
- A sustained move above 1.1730 can lead towards the 1.1800 figure and 1.1854, 38.2% Fibonacci retracement from the mid-April-May bear move.
Spot rate: 1.1747
Relative change: 0.49%
High: 1.1764
Low: 1.1680
Trend: Bullish
Resistance 1: 1.1800 figure
Resistance 2: 1.1854, 38.2% Fibonacci retracement from mid-April-May bear move
Resistance 3: 1.1851, June 13 high
Support 1: 1.1700-1.1730, figure and the 23.6% Fibonacci retracement from mid-April-May bear move
Support 2: 1.1672 June 27 high
Support 3: 1.1640 supply/demand level
Support 4: 1.1600 figure
Support 5: 1.1560 June 14 low
Support 6: 1.1527 last week’s low
Support 7: 1.1508 current 2018 low
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