The euro is testing back towards its current monthly trading low against the US dollar, following multiple technical rejections from the 1.1310 level. A sustained break of the 1.1280 level may see the EURUSD pair failing back towards the 1.1255 support region. The release of the US ADP jobs report is likely to be the main market mover for the EURUSD pair later today.
The EURUSD pair is only bullish while trading above the 1.1310 level, key technical resistance is found at the 1.1355 and 1.1400 levels.
If the EURUSD pair trades below the 1.1310 level, key support is found at the 1.1280 and 1.1255 levels.
The EURUSD pair is only bullish while trading above the 1.1310 level, key technical resistance is found at the 1.1355 and 1.1400 levels.
If the EURUSD pair trades below the 1.1310 level, key support is found at the 1.1280 and 1.1255 levels.
