Daily Market Commentary EUR/USD Fluctuates Despite Negative U.S.
Unemployment Data The EUR/USD is fluctuating around our 1st tier
downtrend and 4th tier uptrend lines as investors digest the worse
than expected U.S. unemployment data. The headline Unemployment
Rate breached 10% (10.2%) and the services unemployment change data
also came in weaker than anticipated. While we would normally
expect a sharp pullback in the EUR/USD and broad-based preference
for the Dollar in reaction to the news,