KEY EURUSD LEVELS AHEAD OF U.S JOB REPORT
The euro has slipped to fresh daily trading-lows against the greenback during the European trading session, as market participants remains cautious ahead of today’s Non-farm payrolls job report. Bearish momentum is still largely intact in the pair from Thursday, as investors fear a potential Trade War between the EU and U.S economies. The EURUSD risks further intraday losses on a solid U.S Non-farm payrolls job report, with investors focused on the headline figure and U.S wage earnings data.
- The EURUSD pair will turn strongly bearish below the 1.2278 level, with further selling towards 1.2239 and 1.220 then likely.
- Should the EURUSD pair find bullish momentum above the 1.2305 level, buyers will likely target the 1.2358 and 1.2400 resistance levels.