EUR/USD extends pullback, slips below 1.1150

EUR/USD has been on the retreat on Monday as the dollar managed to shrug off a disappointing jobs reading published on Friday.

The greenback recover some ground as nonfarm payrolls failed to temper expectations of another rate hike by the Fed before the year-end. Data showed US economy added 156,000 new jobs in September, the smallest gain since May, missing expectations of a 175,000 increase.

EUR/USD pulled back from a Friday’s high of 1.1205 to a low of 1.1149 in recent dealings. At time of writing, the pair was trading at 1.1155, 0.4% down on the day.

Trading volumes were expected to remain thin and no major data releases are on tap for Monday given the Columbus Day holiday. 

EUR/USD levels to watch

In terms of technical levels, immediate supports are seen at  1.1104/00 (Oct 7 low/psychological level), 1.1070 (Aug 9 low) and 1.1045 (Aug 5 low). On the other hand, resistances line up at 1.1206 (50-day SMA), 1.1250/58 (Sep 30 high/Sep 27 high), 1.1283 (Sep 15 high) and 1.1326 (Sep 8 high).