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- EUR/USD declined more than 100 pips on Friday after better than US jobs data. The pair hits low of 1.24098 and is currently trading around 1.24692.
- US dollar was trading slightly higher against all major on Friday due to slightly up beat US non-farm payroll data. US economy has added 200000 jobs compared to forecast of 180k and better than expected wage growth. Euro shown a minor recovery in the European session after better than expected Eurozone services PMI. The pair jumped till 1.24749 for the intraday and is currently trading around 1.24673.
- On the higher side, near term resistance is around 1.2540 and break above confirms bullish continuation. Any break above targets 1.2600/1.2660.
- The near term major support is around 1.23800 and any break below will drag the pair down till 1.2330/1.2300/1.2260.
It is good to buy on dips around 1.2430 with SL around 1.2380 for the TP of 1.2535/1.2600.
