German and Italian unemployment

A couple of relatively low impact releases

  • Italian Monthly Unemployment Rate: 10.9% v 10.8% expected and 10.7% previous

Both numbers miss and are negative Euro. While looking at the charts, EUR/USD has just hit and ben rejected off daily trend line resistance... again:

As I said earlier when looking at the pair, if resistance holds, I'm looking to fade rallies back into short term support turned resistance on the intraday chart.

This is only on, if the daily resistance level holds and a new low is created intraday.