The euro has experienced a minor technical pullback against the US dollar after sellers failed to break the 1.1180 resistance level on Thursday. The EURUSD pair is at risk of a strong pullback towards the 1.1044 level if bulls fail to break through the 1.1180 level today. With the US monthly jobs report approaching the EURUSD pair is likely to settle into a smaller trading range until the key data release this afternoon.
• The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1075 and 1.1044 levels.
• The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1260 levels.
• The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1075 and 1.1044 levels.
• The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1260 levels.
