EURO FINDS MORE SELLERS BELOW 1.1900
The EURUSD pair has been met with strong selling interest just below the 1.19100 level, finding resistance at the 1.1894 level. Yesterday the euro received a boost from the weaker British pound, as a rising EURGBP cross pair helped the euro currency rise across the board.
In the near term, the EURUSD pair has created series of bearish lower trading highs across the M5, M15 AND M30 time frame price charts, just ahead of the NFP job report.
Key technical support for the EURUSD is found at the daily pivot, at 1.1868, and the recent price low around the 1.1830 region.
Critical intraday resistance is found at the 200-week moving average, at 1.1793.
To the upside, the 1.1894 level holds the key for further bullish advancement for the euro, towards the 1.1933, 1.1975 levels and possibly an upcoming test of the psychological 1.20 level.