The EUR/USD finds a good resistance at the 1.1000 level

The Euro versus the Dollar rallies for today after the disappointing Non-Farm Payrolls reading out of the US. The reading was expected at 245 thousand new jobs created for the month of March, but it really came out at 126 thousand new jobs. That is why we saw that the EUR/USD rallied for today, but once it got to the 1.1000 level, it stopped there. On the Daily chart we can see that the 1.1000 zone has been a good resistance area in the past and it looks like it is going to take more than a weak payrolls reading to have the pair break above that zone. Let’s see if there is continuation to the upside during next week or if the price comes back down.