EURO BREAKS BELOW 1.1710
The euro has moved below the key 1.1710 technical level against the U.S dollar, hitting 1.1685 during the Asian session, as U.S fundamentals improve and tension in Catalonian look likely to continue well into the weekend.
After a series of hawkish speeches from FOMC members on Thursday, the trading sentiment surrounding the U.S dollar has improved, pressuring the EURUSD pair lower on Friday.
Traders will now look for a series of higher time-frame price closes beneath the 1.1710 level, to cement the next round of technical selling on the EURUSD.
Markets may also remain somewhat cautious, ahead of the release of the U.S Non-farm payrolls job report for the month of September.
Key intraday support for the EURUSD is found at the pairs key 100-day moving average, at 1.1670, and the August monthly price-low, at 1.1662. Once below 1.1662, traders will look to further weekly support from 1.1616 and 1.1580.
To the upside, key resistance is found at 1.1710, and the pairs daily pivot point, at 1.1730. Further intraday resistance is also found at 1.1758 and 1.1800.