EUR/USD managed a spike above the $1.3085 level just prior to the US unemployment claims numbers but is suffering as the USD is recovering some lost ground. An hourly close below the 1.3026 level would be a concern for immediate topside hopes and target a retest of the 1.2955-70 region.
There is also a bit of a two fold impact on EUR/USD at the moment with the EUR/GBP selling also weighing on the EUR/USD while providing some support for cable. Initial support for cable is now noted at the 1.5420 level.
