After strong gains in the last week of July, EUR/USD pulled back in the prior week on the back of a strong US Dollar. The currency pair breached above resistance at 1.1188 following above expected unemployment change numbers from Spain in the early week. Stronger PMI figures released out of the euro area shortly after, failed to sustain the rally, as the pair turned lower and broke back below the level following an above expectation print in ADP non-farm employment change numbers. The market mover in the past week was the NFP release on Friday, an above-expected rise of 225,000 in the figure sent the currency pair over 200 points lower ... (Read the full story)
