EUR/USD within range post-Payrolls, near 1.0670

EUR/USD remained within the daily range after the release of November’s Non-farm Payrolls.

EUR/USD weaker on US data

Spot gained extra upside momentum after the US economy added 178K jobs during November, exceeding forecasts for a 175K gain and up from October’s 142K (revised from 161K).

Further data saw the unemployment rate at 4.6%, bettering consensus, while Average Hourly Earnings contracted at a monthly 0.1% during the same period.

EUR/USD levels to watch

The pair is now up 0.09% at 1.0669 facing the next support at 1.0515 (2016 low Nov.24) followed by 1.0457 (2015 low Mar.16) and then 1.0332 (monthly low January 2003). On the other hand, a break above 1.0690 (high Dec.2) would target 1.0700 (23.6% of the November drop) en route to 1.0820 (low Mar.10).