US job numbers continues to impress as January employment rose by 257,000 beating forecast expectations of 228,000. Moreover, average hourly earnings also shown improvement as it increased 0.5% on m/m basis. Since start of this week we have seen USD losing ground against Euro & GBP however after this positive data I am expecting USD strength to prevail in coming days.

From technical perspective EURUSD could retest 1.1100 level or even drop further towards 110.00 level. On the upside 1.1550 to 1.1625 is expected to hold as resistance on any retest of this supply zone.

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