Forex - EUR/USD down at the end of U.S. session - FOREX NEWS

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Friday, October 7, 2011

Forex - EUR/USD down at the end of U.S. session

Forex News - The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

EUR/USD was trading at 1.3378, down 0.45% at time of writing.

The pair was likely to find support at 1.3147, Tuesday’s low, and resistance at 1.3525, today’s high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 103K last month, from 57K in the preceding month whose figure was revised up from 0K.

Analysts had expected U.S. non-farm payrolls to rise 53K last month.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 1.17% to hit 0.8598 and EUR/JPY falling 0.43% to hit 102.65.

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