EURUSD BACK UNDER KEY 1.1500 SUPPORT LEVEL
The euro is back under pressure below the 1.1500 level against the greenback as the US dollar starts to firm ahead of the release of the US Nonfarm Payrolls job report. The United States economy is expected to have created 230,000 new jobs during the month of September, with wage inflation inside today’s report a key component market participants will watch closely. Sellers will try to try to breach the 1.1463 level, while buyers need to edge price above the 1.1553 level.
The EURUSD pair is intraday bearish while trading below the 1.1500 level, key technical support remains at the 1.1463 and 1.1400 levels.
If the EURUSD buyers can move price above the 1.1553 level, key resistance is found at the 1.1600 and 1.1650 levels.