{"id":81971,"date":"2015-12-04T09:51:43","date_gmt":"2015-12-04T14:51:43","guid":{"rendered":"http:\/\/countingpips.com\/?p=81971"},"modified":"2015-12-04T11:12:06","modified_gmt":"2015-12-04T16:12:06","slug":"eurusd-hold-resistance-following-robust-u-s-payrolls","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/eurusd-hold-resistance-following-robust-u-s-payrolls\/","title":{"rendered":"EUR\/USD Hold Resistance Following Robust U.S. Payrolls"},"content":{"rendered":"<div id=\"inves-677237882\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 4, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The Euro squeezed higher against the greenback on Thursday following a disappointing ECB monetary policy decision.\u00a0 The stronger than expected U.S. payroll report all but assures that the Fed will begin the process of rate normalization when they meet on December 16.<\/p>\n<p>U.S. nonfarm payrolls rose 211k in November. The 271k surge in October was bumped up to 298k while September\u2019s 137k was nudged to 145k for a net 35k upward revision. The unemployment rate was steady at 5.0%. The labor force rose 273k after rebounding 313k in October. Household employment increased 244k. The labor force participation rate ticked up to 62.5% from 62.4%. Average hourly earnings edged up 0.2% following October\u2019s 0.4% jump. Hours worked dipped to 34.5 from 34.6. Private payrolls increased 197k, led by a 46k surge in construction. The goods producing sector added 34k. Manufacturing jobs declined 1k.<\/p>\n<p>Resistance on the EUR\/USD is now seen near the 50-day moving average at 1.0977, while support is seen near the 20-day moving average at 1.07.<\/p>\n<p><a href=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/eur-120415b.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-10024\" src=\"http:\/\/blog.forextime.com\/wp-content\/uploads\/2015\/12\/eur-120415b-300x197.jpg\" alt=\"eur-120415b\" width=\"300\" height=\"197\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p><div id=\"inves-1284088033\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The Euro squeezed higher against the greenback on Thursday following a disappointing ECB monetary policy decision.\u00a0 The stronger than expected U.S. payroll report all but assures that the Fed will begin the process of rate normalization when they meet on December 16. U.S. nonfarm payrolls rose 211k in November. The 271k surge [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-81971","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=81971"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81971\/revisions"}],"predecessor-version":[{"id":81975,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81971\/revisions\/81975"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=81971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=81971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=81971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}