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• EUR/USD initially dipped but later regained ground on Friday after data showed U.S. jobs data slightly missed expectations.
• A Labor Department report revealed that non-farm payrolls increased by 142,000 in August, below the 160,000 forecast by economists. Additionally, July's figures were revised down to 89,000.
• The unemployment rate held steady at 4.2%, in line with expectations, an improved from 4.3% the previous month.
• In an up-and-down session, the pair hit low at 1.1071 in early trading then gained towards 1.112 level
• Immediate resistance is located at 1.1135( 38.2%fib), any close above will push the pair towards 1.1200 ( Aug 27th high).
• Strong support is seen at 1.1043 (50%fib) and break below could take the pair towards 1.1000 (Psychological level).
Recommendation: Good to buy around 1.1090 , with stop loss of 1.0940 and target price of 1.1170
