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- EUR / USD: Euro recovers from lows after U.S. data
EUR / USD: Euro recovers from lows after U.S. data
The single currency has retreated from earlier reached lows at 1.3081 after the publication of controversial statistics on the labor market in the U.S.. In December, employment in the U.S. according to ADP increased by 215 thousand vs. 133 thousand and the previous value of 118 thousand separate report showed that the number of initial claims for unemployment benefits rose more than expected, to 372 thousand compared to 362 thousand a week earlier.
The EUR / USD ran into support at 1.3095 and is currently trading around 1.3110. Near term resistance is at $ 1.3170 (high of the European session.)
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