EUR/USD in red below 1.2400, NFP eyed

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EUR/USD in red below 1.2400, NFP eyed

FITITOL--> FXstreet.com (Barcelona) - The single currency is trading just above yesterday’s lows ahead of today’s NFP. Market consensus calls for 90K, bettering last month’s 69K.

EUR was hammered on Thursday after the ECB has lowered the refi rate to a historic low of 0.75%. The deposits and lending rates were also cut to 0.0% and 0.15% respectively.

Thin docket in the euro zone â€" German industrial production and French trade balance â€" will shift investors’ attention to the NFP and the unemployment rate later on in the US.

The cross is now losing 0.07% at 1.2382 with the next support at 1.2360 ahead of 1.2288 then 1.2193 and 1.2167
On the flip side, a break above 1.2446 would expose 1.2500 then 1.2508 and 1.2538