The euro is increasingly supported by bullish price action against the US dollar, with the pair firming around the 1.1100 level. The US monthly jobs report could provoke a strong reaction in the EURUSD pair later today, especially if the headline number comes in worse than expected. Bullish near-term targets for the pair extend towards the 1.1180 and 1.1260 levels.
The EURUSD pair is only bullish while trading above the 1.1075 level, key resistance is found at the 1.1110 and 1.1130 levels.
The EURUSD pair is only bearish while trading below the 1.1075 level, key support is found at the 1.1060 and 1.1045 levels.
