EUR/USD approaches 1.2000 post-Payrolls

• The pair keeps the familiar range in the wake of US NFP.
• The greenback remains unchanged around 92.50.
• The US economy added 164k jobs in April, less than expected.

The selling pressure stays intact around the single currency on Friday and is taking EUR/USD to keep the recent range just below the key 1.2000 the figure.
EUR/USD stays offered on NFP
The pair trades in the red territory after the US economy created 164K jobs during April, missing prior surveys at 189K and down from March’s 135K (revised from 103K).

Additional data showed the jobless rate slipped to 3.9, bettering forecasts and down from 4.1%.

Further out, critical Average Hourly Earnings – a proxy for wage inflation – expanded at a monthly 0.1% and 2.6% over the last twelve months, both prints coming in below estimates.

EUR/USD levels to watch

At the moment, the pair is losing 0.03% at 1.1986 and a break below 1.1938 (low May 2) would target 1.1916 (2018 low Jan.19) en route to 1.1718 (monthly low Dec.12 2017). On the other hand, the initial hurdle lines up at 1.2018 (200-day sma) seconded by 1.2033 (high May 2) and finally 1.2081 (10-day sma).