KEY EURO LEVELS AHEAD OF U.S JOBS REPORT
The euro continues to trade to the downside against the U.S dollar, ahead of today’s key March Nonfarm Payrolls job report from the United States economy. The EURUSD pair is currently trading around the 1.2240 level, with medium-term selling pressures building on the pair while price-holds below the 1.2252 level. A clear breach of the 1.2161 support level should accelerate further euro selling, with the 1.2130 and 1.2088 levels then coming into focus.
The EURUSD pair remains under bearish pressure while trading below the 1.2252 level, key medium-term support is then found at the 1.2206 and 1.2160 levels.
A sustained move above the 1.2300 resistance level, may support further buying towards the 1.2347 and 1.2400 levels.