GBP/USD: Will UK Jobs Data Send Pound Lower?
  • EUR/declined further to 1.1670 area.
  • Support at 1.1500 is next.

EUR/USD slumped to a 2 month low of 1.1670, before rebounding  to the 1.1700 neighbourhood.

A deeper pullback could happen, however a decline towards the next support of 1.1500 (March tops) is not expected currently. A strong move by Euro bulls should see 1.19 barrier reached.

on the upbeat EUR/USD view stays as long as the pair trades above 200-day SMA, (1.1229 today).