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1 Feb 2013
Forex: EUR/GBP muted response to US numbers
EUR/GBP has seen a muted response to US economic data this afternoon.
US unemployment inched higher to 7.9%, from 7.8% while NFPs came in at 157k against expectations of 160k. Having spiked dramatically this morning to post a high at 0.8648, spot retraced to find some support around 0.8615. Price is currently trading at 0.8628 and hourly RSI is at 65 and moving with a gentle up trend momentum.
US unemployment inched higher to 7.9%, from 7.8% while NFPs came in at 157k against expectations of 160k. Having spiked dramatically this morning to post a high at 0.8648, spot retraced to find some support around 0.8615. Price is currently trading at 0.8628 and hourly RSI is at 65 and moving with a gentle up trend momentum.