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EUR/USD back below 1.2900 on better jobs data

FXstreet.com (Barcelona) - The shared currency is now easing some ground below the key level at 1.2900 after the weekly report on the US labour market surprised investors.

Initial Claims dropped below the median to 340K last week vs. 345K expected and 363K previous, just above 5-year lows. The greenback is now bouncing off session lows, dragging the pair to the current 1.2880/85 region.

At the moment, the pair is up 0.22% at 1.2888 and a surpass of 1.3011 (MA21d) would aim for 1.3030 (high May 14) and then 1.3051 (high May 10).
On the flip side, support levels are located at 1.2809 (low May 20) followed by 1.2796 (low May 17) and finally 1.2754 (weekly cloud base).

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GBP/USD falls to 1.5060

The Sterling is currently trading lower against the Greenback and after peaking to 1.5095 in the European session, the GBP/USD is falling to price now at 1.5060.
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