EUR/USD prints fresh tops on Payrolls, near 1.2250

• The pair is reverting the downside to fresh daily peaks.
• USD drops further in the wake of US labour market results.
• US economy added 103K jobs in March, coming in below estimates.

The buying tone is gathering extra steam around the euro on Friday and is now lifting EUR/USD to the area of fresh daily highs near 1.2250 in the wake of the US labour market report.
EUR/USD bid after data
The pair keeps the familiar range nonetheless, after the US economy created 103K jobs during March, missing forecasts for 193K jobs and down from February’s strong 326K (revised from 313K). Further data showed the jobless rate came in at 4.1%, below initial estimates.

Still in the US docket, the key Average Hourly Earnings – a gauge for wage inflation – rose at an annualized 2.7% during last month and 0.3% inter-month.

That said, the pair remains in the area close to fresh 5-week lows, down for the second week in a row at the same time and now eyeing the critical support at the 1.2165/55 band, always amidst a solid tone around the buck and shrinking worries on a US-China trade war.
EUR/USD levels to consider

At the moment, the pair is up 0.09% at 1.2253 facing immediate support at 1.2219 (low Apr.5) seconded by 1.2206 (low Feb.9) and then 1.2165 (low Jan.18). On the other hand, a break above 1.2312 (10-day sma) would target 1.22346 (high Apr.2) en route to 1.2478 (high Mar.27).