EUR/USD cautious ahead of NFP, around 1.0630

EUR/USD keeps the trade in the lower bond of the range around the 1.0630 region on Friday, ahead of the publication of the US labour market figures.

EUR/USD attention to US data

The pair has come down to test the area of daily lows around 1.0630 after being rejected from multi-day tops at 1.0690 in early trade.

The greenback has reverted the initial negative mood and has now recovered the positive territory above the 101.00 handle when tracked by the US Dollar Index (DXY), prompting the risk-associated space to give away previous gains.

Nothing worth mentioning on the data front in the euro area, with only Producer Prices rising more than estimated during October.

Later in the NA session, consensus expects the US economy to have added 175K jobs during November and the unemployment rate to stay put at 4.9%.

EUR/USD levels to watch

The pair is now losing 0.17% at 1.0641 facing the next support at 1.0515 (2016 low Nov.24) followed by 1.0457 (2015 low Mar.16) and then 1.0332 (monthly low January 2003). On the other hand, a break above 1.0690 (high Dec.2) would target 1.0700 (23.6% of the November drop) en route to 1.0820 (low Mar.10).