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EUR/USD in fresh highs on Payrolls

FXStreet (Edinburgh) - The common currency is now trimming part of its intraday decline, pushing EUR/USD through the 1.1200 barrier.

EUR/USD bid post-NFP

The buying pressure is now picking up pace around EUR after US Payrolls have shown the US economy has created 142K jobs during September, missing forecasts for 203K and down from August’s 136K (revised from 173K).

In addition, the unemployment rate stayed put at 5.1%, matching the median. Next of relevance in the pair will be Factory Orders (0.3% exp. in August) followed by the speech by Fed’s S.Fischer.

EUR/USD levels to watch

As of writing the pair is up 0.48% at 1.1248 and a breakdown of 1.1116 (low Sep.25) would aim for 1.1105 (low Sep.22) and then 1.1057 (low Aug.12). On the other hand, the initial resistance aligns at 1.1260 (high Sep.30) ahead of 1.1281 (high Sep.29) and finally 1.1296 (high Sep.24).

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