The Average Hourly Earnings were expected to increase by 0.3% and hit the forecast. Non-Farm Employment Change forecast was 193,000, but turned out to be at 517,000. The Unemployment Rate was expected to be at 3.6%. Actual number is 3.4%.
Economic Calendar Analysis
During the next week there are no scheduled major events, which might impact the currency rate.
EUR/USD hourly chart
Note that the 50, 100 and 200-hour simple moving averages have continued to impact the rate. Moreover, round exchange rate levels appears to have some impact on the pair.Hourly Chart
EUR/USD daily chart's review
On the daily candle chart, the pair pierced the April high level and shortly traded above 1.1000, prior to retracing back down. The EUR/USD might look for support in the lower trend line of the channel up pattern and the 1.0790 level.Daily chart
Read More: Technical Analysis
Traders are short
After the fundamental events, trader open positions were bearish, as 63% of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the pair were 64% to buy the Euro against the USD.