{"id":138582,"date":"2018-12-10T07:18:52","date_gmt":"2018-12-10T12:18:52","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=138582"},"modified":"2018-12-10T06:35:16","modified_gmt":"2018-12-10T11:35:16","slug":"eurusd-pair-poised-to-drop-from-the-upper-line-of-the-channel","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/12\/eurusd-pair-poised-to-drop-from-the-upper-line-of-the-channel\/","title":{"rendered":"EURUSD: pair poised to drop from the upper line of the channel"},"content":{"rendered":"
December 10, 2018<\/div>
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By Matthew Anthony, Alpari<\/a><\/strong><\/p>\n

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Previous:<\/em><\/strong><\/p>\n

The majors showed mixed dynamics against the greenback last week. The Aussie shed 1.50%, while the Kiwi, loonie, and pound lost 0.31%, 0.27%, and 0.15% respectively. Posting an increase against the US dollar were the Swiss franc (+0.93%), the yen (+0.68%), and the euro (+0.66%).<\/p>\n

Volatility was high in Friday\u2019s US session following the release of the Nonfarm Payrolls report. The dollar slumped after the release as the number of jobs created missed expectations, along with average hourly earnings.<\/p>\n

The US economy created 155k new jobs outside the agricultural sector in November against a forecast of 198k. The reading for October was revised from 250k to 237k, while September\u2019s was revised from 118k to 119k. The unemployment rate remained unchanged from October\u2019s at 3.7%, while average hourly earnings rose by 3.1% year-on-year (+0.2% MoM).<\/p>\n

The euro jumped to 1.1409, but was subsequently pushed back to close at 1.1391.<\/p>\n

Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n