The euro has started to move away from the best levels of the week against the US dollar, ahead of the release of the US monthly jobs report later today. A headline number above 150,000 could see the EURUSD pair falling back under the 1.1000 level. A headline number weaker than 150,000 could see the EURUSD pair rallying towards the 1.1110 resistance level.
The EURUSD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0980 and 1.0940 levels.
The EURUSD pair is bullish while trading above the 1.1000 level, key resistance is found at the 1.1180 and 1.1110 levels.
