• Major resistance – 1.0120
   
• The pair broken trend line resistance of 1.0090 and jumped till 1.01045 at the time of writing.  It is currently trading around 1.00893.
   
• US economy has added only 98000 jobs in Mar on account of bad weather well below forecast of 18000. Lower temperatures and winter storms accounted for the slowdown in hiring.
   
• The pair faces major near term resistance around 1.0120 and any break above targets 1.0170. Any break above 1.0170 confirms minor trend reversal, a jump till 1.03450.
   
• On the lower side, near term support is around 1.00350 (23.6% retracement of 0.98136 and 1.01045) and any violation below will take the pair till 1.0014 (21- day EMA)/0.9960/0.9933 (200- day MA).
  
  It is good to buy on dips around 1.0070 with SL around 1.0030 for the TP of 1.0170.