On the daily chart, the common currency is in a downtrend among the major SMAs. The US NFP on Friday showed that the number of new jobs in August was 130K, behind the 158K forecast. However, the average hourly earnings were able to convince with an increase of 3.2% on an annual basis, as the forecast was only 3.1%.
The EUR/USD has risen in response to this publication by 20 pips. The EUR/USD has resistance at 1.1038 while trading below the 100/200-SMA. The cops seem unconvinced, but sellers need to break through the 1.1009 support to target the 1.0981 and 1.1063.