EUR/USD Stays Near Lows after US Jobless Claims
EUR/USD remained steady near daily lows after data showed US jobless claims rose for the second straight week.
US
initial jobless claims climbed 17,000 to 274,000 in the week ended Apr
29, the Labor Department said Thursday, above the 260,000 expected.
However, claims remained near historically low levels, which is
consistent with a strengthening job market.
EUR/USD barely
reacted to data and it was last trading at 1.1430, down 0.47% on the
day, with a low set at 1.1417 during the European session.
EUR/USD levels to watch
In
terms of technical levels, immediate supports are seen at 1.1417 (May 5
low), 1.1385 (10-day SMA), 1.1355/46 (20-day SMA/Apr 29 low) and 1.1297
(Apr 29 low). On the other hand, resistances line up at 1.1529 (May 4
high), 1.1615/20 (May 2 & Aug 25 2015 highs), 1.1638 (100-week SMA)
and 1.1712 (Aug 24 2015 high).