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EUR/USD prints fresh highs on Payrolls

FXStreet (Edinburgh) - The single currency is now keeping levels around the 1.2400 handle on Friday, pushing EUR/USD to test fresh tops.

EUR/USD firmer after solid Payrolls

A poor reading from October’s Non farm Payrolls in the US economy failed to boost the EUR. The US economy created 214K jobs during October, missing estimates for 231K and down from September’s 256K (revised from 248K). Further data showed that the jobless rate ticked lower to 5.8 %. Next of relevance will be the speeches by Chairwoman Yellen and Fed’s Tarullo and Evans, ahead of the Consumer Credit Change for the month of September, expected at $15.10 billion.

EUR/USD key levels

The pair is now gaining 0.07% at 1.2385 with the initial resistance at 1.2448 (hourly high Nov.6) ahead of 1.2533 (high Nov.6) and then 1.2547 (10-d MA). On the downside, a breach of 1.2364 (low Nov.6) would expose 1.2342 (low Aug.21 2012) and finally 1.2295 (low Aug.20 2012).

United States Average Hourly Earnings (YoY) remains unchanged at 2% in October

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