BREAKING: USD plunges after downbeat NFP report

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The US economy unexpectedly added only 210k jobs in November, compared to 604k increase in October, well below market expectations of 550k.

The jobless rate declined to 4.2% from 4.6% last month and below market estimates of 4.5%.

Wage growth fell slightly to 4.8% YoY, from 4.9% increase in October and below market expectations of a 5.0% YoY increase.

Weak job growth lowers the odds that the Federal Reserve will accelerate the tapering process.

EURUSD broke above 1.1300 resistance and 50 SMA (green line) after today's data release and if current sentiment prevails resistance level at 1.1375 may be at risk. Source:xStation5

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