EUR/USD weaker, drops to 1.0930 post-NFP

• EUR/USD keeps the bearish note intact below 1.1000. 
• US Non-farm Payrolls rose by 678K jobs in February.
• The unemployment rate ticked lower to 3.8%.

The selling interest around the single currency remains well and sound at the end of the week and drags EUR/USD to the 1.0930 area in the wake of US NFP.

EUR/USD in fresh lows around 1.0930

EUR/USD keeps the negative stance on Friday after the US economy created 678K jobs during February, bettering expectations for a gain of 400K jobs. The January reading was revised to 481K (from 467K).

Further data showed the jobless rate eased to 3.8% and the critical Average Hourly Earnings – a proxy for inflation via wages – came flat on a monthly basis and expanded 5.1% over the last twelve months. Another key gauge, the Participation Rate, improved to 62.3%.

EUR/USD levels to watch

So far, spot is losing 1.13% at 1.0940 and faces the next up barrier at 1.1192 (10-day SMA) followed by 1.1309 (55-day SMA) and finally 1.1395 (weekly high Feb.16) and finally 1.1395 (weekly high Feb.16). On the other hand, a drop below 1.0924 (2022 low Mar.4) would target 1.0900 (round level) en route to 1.0870 (low May 25 2020).