EUR/USD is down slightly after the release of the US Nonfarm Payrolls (NFP). The United States added 144K jobs in July as forecast by analysts while wages came in better-than-expected at 3.2% vs. 3.1% forecast. The level to beat for bulls are seen at the 1.1100, 1.1117, 1.1130 and 1.1147 levels. EUR/USD daily chart EUR/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). The US Nonfarm Payrolls came as forecast at 144K in July while wages came better-than-anticipated at 3.2% vs. 3.1% expected. The reaction on the EUR/USD is slightly bearish with the US Dollar making a small advance. EUR/USD 4-hour chart EUR/USD is trading below its major simple moving averages (SMAs), suggesting bearish momentum in the medium term. Fiber is declining from the 1.1117 resistance now challenging 1.1080 support. The market will need to break below this level to decline towards 1.1067, 1.1050 and the 1.1030 level, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The market is trading above the 50 and 100 SMAs, suggesting a correction up in the near term. Buyers would need to reclaim 1.1100 resistance to reach 1.1117, 1.1130, 1.1147 and potentially 1.1176 if the bulls gather enough steam. Additional key levels 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 AUD/USD extends slide below 0.68 after US NFP data FX Street 4 years EUR/USD is down slightly after the release of the US Nonfarm Payrolls (NFP). The United States added 144K jobs in July as forecast by analysts while wages came in better-than-expected at 3.2% vs. 3.1% forecast. The level to beat for bulls are seen at the 1.1100, 1.1117, 1.1130 and 1.1147 levels. EUR/USD daily chart EUR/USD is trading in a bear trend below its main daily simple moving averages (DSMAs). The US Nonfarm Payrolls came as forecast at 144K in July while wages came better-than-anticipated at 3.2% vs. 3.1% expected. The reaction on the EUR/USD is slightly… 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.
