US stocks closed higher on Friday, as gains in Healthcare, Technology, and Consumer Services lifted the market. The Dow Jones rose by 0.10%, the S&P 500 by 0.31%, and the NASDAQ added 0.74% to its value. The US dollar rose against a basket of major currencies on Friday as bullish service sector data offset an October jobs report that undershot expectations. Gold fell, as the weaker than expected jobs report failed to derail investor expectations for a year end rate, while the surge in the services sector lifted sentiment on riskier assets. Crude Oil rose, closing at $55.80 a barrel.
The euro fell versus the dollar, closing at 1.1617. On the 2-hour chart, the EUR/USD pair is trading below the resistance level at 1.1685 with the RSI indicator below 50. Holding below this level may lead the pair towards 1.15, while breaching above could take it towards 1.1720. The pound rose versus the dollar, closing at 1.3077. On the daily chart, the GBP/USD pair is trading above a bullish trendline. As long as the pair is trading above this level, a rise towards 1.32 can be expected. However, breaking below the line may take it towards 1.29.
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