Credit rating agency Standard and Poor’s announced the downgrade of France’s sovereign rating from AA+ to AA. The agency already stripped France of the perfect AAA rating some time ago. While the rating was cut, the outlook has improved from negative to stable.
This pushes EUR/USD below the 1.34 level. The pair enjoyed a nice recovery after the ECB shocker, but it is falling once again.
Support awaits the pair at 1.3325. Minor resistance is at 1.3415.
The bigger event of the day is the release of the US Non-Farm Payrolls. Yesterday, the US dollar enjoyed a surprisingly strong GDP report, which showed that the economy grew by 2.8% in Q3. The details weren’t as good. Now we’ll see the employment situation during October, which consisted of the government shutdown.
See how to trade the Non-Farm Payrolls with EUR/USD.
