EUR/USD Fluctuates Despite Negative U.S. Unemployment Data

The EUR/USD is fluctuating around our 1st tier downtrend and 4th tier uptrend lines as investors digest the worse than expected U.S. unemployment data. The headline Unemployment Rate breached 10% (10.2%) and the services unemployment change data also came in weaker than anticipated. While we would normally expect a sharp…

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This entry was posted on Monday, November 9th, 2009 at 5:45 am and is filed under Forex Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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