The highlight of the day were today data from the US labor market. The data were much weaker than expected, which will affect to the FED’s decision on interest rates in October.
After disappointing jobs data EURUSD made a spectacular upward move. Within 5 minutes the price rose by 150 pips. Pair broke above resistance on the level 1.1290. If the breakout will be successfully the next target of upward move is the level 1.1330. Another resistances are on levels 1.1370, 1.1450. Breaking the level 1.1330, may not be that easy because the price since September 22 has formed a upward channel in which it moves. Therefore, the indicated level will be very important. If it causes a rebound it will move downward to the next supports on levels: 1.1290, 1.1200, 1.1140.
