• The EUR/USD pair jumped higher on Thursday as dollar slumped after data showed the U.S. economy created fewer private sector jobs in December than market expectations.
   
• The ADP National Employment Report indicated that U.S. private employers added 153,000 jobs last month, below economists' expectations for a job gain of 170,000.
   
• Further upside is expected to be limited as the pair faces strong resistance at 1.0624 which should limit further upside and bring decline back to lower side.
   
• To the upside, immediate resistance can be seen at 1.0574 a break above will take the pair towards next resistance level at 1.0624.
   
• To the downside, immediate support can be seen at 1.0515 levels, a break below will open the door towards next level at 1.0448
  
  Resistance Levels
  
  R1: 1.0574 (50% Retracement level)
  
  R2: 1.0624 (61.8% Retracement level)\
  
  R3: 1.0700 (Psychological levels)
  
  Support Levels
  
  S1: 1.0515 (38.2% Retracement level)
  
  S2: 1.0448 (23.6% Retracement level)
  
  S3: 1.0385 (Jan 1st lows)