EUR/USD fails to hold above 1.1200, on track for a weekly loss

EUR/USD pulled back from post-NFP highs and trimmed daily gains as the dollar shrugged off disappointing jobs data.

EUR/USD reached a peak of 1.1204 after jobs data data but then lost momentum and failed to hold above the 1.12 mark. However, with the subsequent pullback contained by the 1.1150 zone the pair was confined to a range over the last hours. It was last trading at 1.1170, still up 0.18% on the day but  on track to post a 0.6% weekly loss.

US economy added 156,000 new jobs in September, the smallest gain since May, missing expectations of a 175,000 increase. Meanwhile, the unemployment rate unexpectedly rose to 5.0% from 4.9% the previous month.

EUR/USD technical levels

In terms of technical levels, immediate supports are seen at  1.1104 (Oct 7 low), 1.1100 (psychological level) and 1.1070 (Aug 9 low). On the other hand, resistances line up at 1.1207 (10-day SMA/50-day SAM), 1.1250/58 (Sep 30 high/Sep 27 high), 1.1283 (Sep 15 high) and 1.1326 (Sep 8 high).