FX.co ★ berta.hill | EUR/USD

Hello everyone and have a good weekend! Yesterday on the US news about unemployment and new jobs we basically got the numbers as expected, clearly not in favor of the US Dollar, but that was obvious anyway since EUR/USD had been bought up a week before the news itself. I was actually counting on us touching the round level of 1.1600 and then seeing profit-taking. But alas, we only saw a peak at 1.1580 and closed trading at 1.1557. So the simplest option for Monday for now looks like a rise in EUR/USD to the resistance at 1.1603, and from there the start of profit-taking and a decline to the support at 1.1491. Overall, the news set a rather low bar for next month’s data. I mean that since the US new jobs figure came out at -25K, it will now be very easy in September to show a big positive number, because the figures are calculated relative to the previous month.