As usual, volatility is picking up pace on NFP-day. EUR/USD has now returned to the 1.1400 neighbourhood after a brief adventure to the 1.1380 region, or session lows in the wake of US payrolls. Spot quickly retraced the up tick to fresh tops around 1.1440 following the initial disappointment from investors after the persistent lack of traction in US wage growth. The greenback, in the meantime, managed to leave the initial pesimism behind and attempted a bull run to fresh tops just below the critical 96.00 handle when tracked by the US Dollar Index. As the trading week is drawing to a close, the pair keeps struggling to advance for the second week in a row, although it remains in the upper end of the range near multi-month tops and underpinned by a (now) hawkish ECB, speculative positioning and recent performance in the futures and options markets. At the moment, the pair is losing 0.26% at 1.1393 facing the immediate support at 1.1367 (10-day sma) followed by 1.1311 (low Jul.5) and finally 1.1269 (21-day sma). On the flip side, a breakout of 1.1448 (2017 high Jun.30) would target 1.1466 (high Apr.12 2016) en route to 1.1616 (2016 tops May 3).