EURUSD looks to have demand from 1.0495

EURUSD daily chart, demand looks to be setting from 1.0490 to 1.0520. The EUR resisted yesterday’s strong selling and saw a higher 4H bur are buyers once again rejected sellers at the 1.0490 support area.

Today sellers are trying to make a new test, but while we see support remain in play, we will continue to look for buyers to hold their ground and possibly push at a new counter-rally. A break of support changes everything, but the level looks firm for now.

Today’s US employment data release is definitely one that could change the short term picture.