The Euro has eventually emerged above 1.0850/1.0950 congestion, where the price was trapped for the past seven days and came ticks ahead of psychological 1.1000 barrier, following strong rally on Thursday, when the pair was up nearly 1%. The Euro became attractive for investors on hopes of the victory of centrist candidate Macron on the French election, as the dollar eased after being initially supported by somewhat hawkish Fed on Wednesday. The EURUSD pair is pressuring 1.1000 barrier, firm break of which would trigger fresh upside extension towards weekly cloud base at 1.1067 (the cloud is going to twist next week and is magnetic). Near-term focus turns towards US jobs data, due later today, which may boost the dollar temporarily on better than expected release. Dip-buying scenario remains favored for now, with former range top at 1.0950 offering solid support and near-term price action being underpinned by thick hourly cloud (spanned between 1.0900 and 1.0816) top of which should contain extended downticks.
Res: 1.0989, 1.1000, 1.1033, 1.1067
Sup: 1.0965, 1.0950, 1.0900, 1.0874
