EUR/USD's 100-pip rally sold at 1.0900

FXStreet (Tokyo) - The Euro jumped 100 pips against the US Dollar from 1.0800 amid weaker Nonfarm payrolls speculations. But at the 1.0900 level, the EUR/USD was sold and launched back to 1.0870.

Currently, EUR/USD is trading at 1.0876, up 1.05% on the day, having posted a daily high at 1.0906 and low at 1.0750. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.

EUR/USD levels

If the pair extends its rejection from 1.0900, it will find supports at 1.0840, 1.0800 and 1.0790. To the upside, resistances are at 1.0900, 1.0950 and 1.1000.