EURUSD 1.1050 test coming
The recovery in the euro currency against the US dollar has continued during the European trading, with the pair advancing closer to the 1.1050 level. A breakout above the 1.1050 level exposes the EURUSD to further buying towards the 1.1110 resistance level. Overall, a sustained move under the 1.1000 level may cause traders to start to book profits ahead of US monthly jobs report.
The EURUSD pair is only bearish while trading below the 1.1000 level, key support is found at the 1.0960 and 1.0920 levels.
The EURUSD pair is bullish while trading above the 1.1000 level, key resistance is found at the 1.1050 and 1.1110 levels.