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FxWirePro: EUR/AUD slips after surprise U.S. employment data

•  EUR/AUD slipped lower on Friday as traders digested a surprisingly weak U.S. employment report.

• Nonfarm payrolls fell by 23,000 in July, following a downwardly revised 20,000 gain in June, according to the Labor Department's closely watched employment report released Friday.

• The unemployment rate fell to 4.1% from 4.2% in June as the labor force participation rate declined further.

• Fed funds futures were pricing in 40% odds of an interest-rate hike at the Fed’s September meeting, down from 55% before the data.

• Immediate resistance is located at 1.6448(50%fib), any close above will push the pair towards 1.6476(Higher BB).

• Immediate support is seen at 1.6310(38.2% fib) and break below could take the pair towards 1.6249(Lower BB).

Recommendation: Good to sell  round 1.6370, with stop loss of 1.6450 and target price of 1.6300

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