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EUR/USD falls to daily lows post jobless claims

FXStreet (San Francisco) - The Euro is falling versus the US Dollar amid upbeat jobless claims and after declining around 65 pipts from 1.2780 post-data, the EUR/USD is now pricing at daily lows at 1.2720.

US jobless claims was down to 287K new claims in Oct 3 week; 4th number below 300K and the lowest since recession started.

Currently, EUR/USD is trading at 1.2723, down 0.08% on the day, having posted a daily high at 1.2792 and low at 1.2719. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.

EUR/USD Sentiment

"The market is probably (rightly) anticipating very dovish commentary from Draghi later this morning before a crowd of uber-easy past and present central bankers, including Ben Bernanke," points out Jamie Coleman from FXBeat.

If the pair breaks below 1.2720, next supports come at 1.2700 and 1.2680. On the upside, resistances are at 1.2750, 1.2790 and 1.2800.

GBP/USD dips back below 1.6200

GBP/USD dipped back below the 1.6200 level at the beginning of the American session coincidently with a greenback comeback across the board. US dollar is recovering some ground after the selloff seen on the back of more dovish than expected FOMC minutes.
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