EURUSD dip buying preferred
The euro continues to consolidate around the 1.1280 level against the US dollar as traders await the US Non-farm payrolls job report later today. Dip-buying is still a preferred strategy for the EURUSD until the 1.1190 support level is broken. Key areas that bulls may look to enter are located between the 1.1255 to 1.1222 region.
The EURUSD pair is only bullish while trading above the 1.1310 level, key technical resistance is found at the 1.1355 and 1.1400 levels.
If the EURUSD pair trades below the 1.1280 level, key support is found at the 1.1255 and 1.1222 levels.