Thursday, November 3, 2011

Forex - EUR/USD up at the end of U.S. session

Forex - EUR/USD up at the end of U.S. session
Forex - EUR/USD up at the end of U.S. session
Forex - EUR/USD up at the end of U.S. session
Forex - EUR/USD up at the end of U.S. session
Forex - EUR/USD up at the end of U.S. session
Forex - EUR/USD up at the end of U.S. session
Forex - EUR/USD up at the end of U.S. session


Forexpros - The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3822, up 0.55% at time of writing.

The pair was likely to find support at 1.3609, Tuesday’s low, and resistance at 1.4169, Monday’s high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 397K last week from 406K in the preceding week whose figure was revised up from 402K.

Analysts had expected Initial Jobless Claims to fall to 400K last week.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8620 and EUR/JPY rising 0.57% to hit 107.89.

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