The jobless rate fell to 9.7% last month, from 9.9% in April, the Labor Department said. If the USA can’t grow, then the EUROZONE can’t grow and the EURUSD is showing that. As suggested in a previous post once the wedge is posted, next target was the 1.2063/50 area which was hit on the reaction to NFP. There is a significant support from the day chart @ 1.1967 which is certainly reachable today. A bounce should meet resistance at 1.2111 (former spike low).
