- EUR/USD remained apathetic near 1.0960/50 on NFP.
- US Nonfarm Payrolls came in at 225K in January.
- Unemployment rate ticked higher to 3.6%.
The selling pressure around the European currency remains unaltered on Friday, with EUR/USD hovering around the 1.0960/50 region in the wake of US Payrolls figures.
EUR/USD offered on Payrolls
The spot keeps the familiar range after the US economy added 225K jobs in the first month of the year, bettering expectations and up from December’s 147K (revised from 145K).
Extra data showed the jobless rate increased to 3.6% and the key Average Hourly Earnings – a proxy for inflation via wages – expanded 0.2% MoM and 3.1% from a year earlier.
EUR/USD levels to watch
At the moment, the pair is losing 0.16% at 1.0964 and a breakdown of 1.0947 (weekly/2020 low Feb.7) would target 1.0879 (2019 low Oct.1) en route to 1.0569 (monthly low Apr.10 2017). On the upside, the next resistance lines up at 1.1000 (psychological mark) seconded by 1.1066 (100-day SMA) and finally 1.1094 (weekly high Jan.31).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.