• The EUR /USD pair fell as low as 1.0529 in the early US session, as greenback was boosted after data showed U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum.
   
• Nonfarm payrolls increased by 156,000 jobs last month, the Labor Department said on Friday. The gains, however, are more than sufficient to absorb new entrants into the labor market.
   
• Average hourly earnings increased 10 cents or 0.4 percent in December after slipping 0.1 percent in November.
   
• Further upside is expected to be limited as the pair finds strong resistance at 1.0624 which should limit further upside and bring decline towards lower levels in the short term.
   
• To the upside, the immediate resistance can be seen at 1.0570, a break above this level would expose the pair to next resistance level at 1.0624.
   
• To the downside, immediate support can be seen at 1.0516, a break below at this level will open the door towards next level at 1.0481.
  
  Resistance Levels
  
  R1:  1.0570 (50% Retracement level)       
  
  R2: 1.0624 (61.8% Retracement level)    
  
  R3: 1.0700 (Psychological levels)
  
  Support Levels
  
  S1: 1.0516 (38.2% Retracement level)                    
  
  S2: 1.0481 (Jan 5th lows)
  
  S3: 1.0447 (23.6% Retracement level)