EURUSD buying expected
The euro has continued to advance against the greenback as the US dollar index comes under heavy selling pressure ahead of Friday’s key US jobs number. The EURUSD pair could easily reach the 1.1025 level if the 1.1000 level is broken ahead of Friday’s main event. Sustained strength above the 1.0950 level should encourage traders to continue to buy the EURUSD pair in the short-term.
The EURUSD pair is bearish while trading below the 1.0950 level, key support is found at the 1.0900 and 1.0880 levels.
The EURUSD pair is bullish while trading above the 1.0950 level, key resistance is found at the 1.1000 and 1.1025 levels.