EUR/USD keeps the negative territory on Payrolls

The offered tone around the common currency remains unchanged in the wake of US Payrolls, pushing EUR/USD the area of daily lows near 1.1120.

EUR/USD weaker after US releases

The pair met extra selling pressure despite Non-farm Payrolls showed the US economy has added 156K jobs during September, missing initial estimates at 172K and down from August’s 167K (revised from 151K).

Further results saw the unemployment rate ticking higher to 5.0%, coming in short of consensus, and the Average Hourly Earnings rising at a monthly 0.2%.

EUR/USD levels to watch

The pair is now losing 0.26% at 1.1120 and a break below 1.1088 (2014-2016 support line) would target 1.1043 (low Aug.5) en route to 1.0997 (7-month support line). On the other hand, the next up barrier is located at 1.1168 (200-day sma) followed by 1.1193 (20-day sma) and finally 1.1259 (resistance line off 2016 high).