EUR/USD Reverses from our 3rd Tier Downtrend Line The EUR/USD is losing yesterday’s positive momentum after employment data from both the EU and U.S. showed rising unemployment continues to be a thorn in the side of the economic recovery. The EU’s unemployment rate came in at 9.5%, two basis points above analyst expectations, while the previous release was revised upwards by one basis point. As for the U.S., America’s unemployment was also reported at 9.5%, a basis point below analyst