EURUSD BULLISH AHEAD OF U.S UNEMPLOYMENT DATA

Technically, the EURUSD pair remain bullish while trading above the 1.1200 level, ahead of the crucial Nonfarm payrolls key jobs report from the United States, being released later today.

Buying momentum is slowing into this afternoons U.S job report, however the pair is far from bearish, while clearly trading above the  1.0340 to 1.3992 23.6% fibonacci retracement at 1.1202. Consider also the weekly pivot point converging around the 1.1200 region, calculated at 1.1204, with the daily pivot point currently at 1.1220, also trading closely to the EURUSD uptrend line at 1.1226.

M5 timeframe moving average indicators highlight the 1.1216 level as dip buying support, with the pair currently trading at 1.1218.

The H4 time frame 20 and 50 period moving averages are currently below price action, protecting the EURUSD downside at 1.1200 and 1.1197, with the 100 period moving average on the mentioned time frame, some way below at 1.1122.