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24 Dec 2014
Strong weekly US jobs data pushed EUR/USD back below 1.22 levels
FXStreet (Mumbai) - The fourth consecutive decline in the US weekly jobless claims pushed the EUR/USD below 1.22 levels, after having clocked a high of 1.2220 ahead of the data.
The EUR/USD pair now trades 0.20% higher for the day at 1.2198 levels. The pair fell from the day’s high immediately after the labor department in the US reported the initial jobless claims for the past week at a 7-week low of seasonally adjusted 280,000. Moreover, the strong labor market data comes a day after the commerce department in the US confirmed US third quarter GDP at 5.0%.
EUR/USD Technical Levels
The pair has an immediate resistance located at 1.2220, above which another resistance is seen at 1.2247 levels. Meanwhile, support is seen at 1.2164 and 1.2132 levels.
The EUR/USD pair now trades 0.20% higher for the day at 1.2198 levels. The pair fell from the day’s high immediately after the labor department in the US reported the initial jobless claims for the past week at a 7-week low of seasonally adjusted 280,000. Moreover, the strong labor market data comes a day after the commerce department in the US confirmed US third quarter GDP at 5.0%.
EUR/USD Technical Levels
The pair has an immediate resistance located at 1.2220, above which another resistance is seen at 1.2247 levels. Meanwhile, support is seen at 1.2164 and 1.2132 levels.