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EUR/USD tests 1.2450 post US jobs data

FXStreet (San Francisco) - The EUR/USD is currently testing the 1.2450 support after being rejected by the 1.2475 level and pressured by poor jobless claims data in the US.

US Jobless claims rose to 290K in the Nov 7 week; above the 280K claims expected. The 4-week average was up to 285K from 279K. The seasonally adjusted insured unemployment remains below 2.4M.

Currently, EUR/USD is trading at 1.2459, up 0.20% on the day, having posted a daily high at 1.2477 and low at 1.2427. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.

EUR/USD sentiment

The pair is well supported by the 1.2450 level, 50-hours MA, and contained by the 1.2475, 200-hours MA. Below the 1.2450, the pair will find supports at 1.2430 and 1.2420.

To the upside, resistances are at 1.2475, 1.2490 and 1.2500.

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