EUR/USD tests 1.0950 post-Non farm Payrolls

EUR/USD has intensified the daily correction lower following the release of Non-farm Payrolls during April, visiting fresh daily lows near 1.0950 just to regain traction afterwards.

EUR/USD offered on NFP

EUR-weakness remains unabated today after the US economy created 211K jobs during last month vs. 180K initially forecasted and March’s 79K (revised from 98K).

Additionally, the jobless rate ticked lower to 4.4% and Average Hourly Earnings rose at a monthly 0.3%.

EUR/USD levels to watch

At the moment, the pair is retreating 0.15% at 1.0969 facing the next support at 1.0890 (23.6% Fibo of the April-May rally) followed by 1.0833 (200-day sma) and finally 1.0819 (low Apr.24). On the flip side, a break above 1.0990 (2017 high May 5) would target 1.1000 (psychological handle) en route to 1.1300 (high Nov.9 2016).