However, USD failed to develop its success due to the weak US manufacturing data and mixed labor market data. The Unemployment rate remained at 3,7%. Economists expected the indicator to decline to 3,6%.
Average Hourly indicator has grown to 0,3%. Economists expected it to decline to 0,2%. As for the Eurozone, the main fears are connected to the probability of further easing as the is far from target levels and the growth is also weak.
EUR/USD is under the pressure fundamentally, but we have a reversal pattern on the meaning that the currency pair is able to reverse towards 1,1285.