EURUSD continued to find support below 1.0900, although the main feature was narrow ranges. Any initial EUR/USD selling is liable to fade quickly unless there is notably hawkish rhetoric while there will be tough resistance towards 1.0950 and above, especially with uncertainty ahead of Friday’s payrolls data. Lastly, the uppeer range remains 1.0950 and lower is 1.0850.

EUR
Spanish Unemployment Change
Spanish Services PMI
Italian Services PMI
French Final Services PMI
German Final Services PMI
Final Services PMI
Spanish 10-y Bond Auction
Retail Sales m/m
French 10-y Bond Auction
ECB President Draghi Speaks

USD
Unemployment Claims
Prelim Nonfarm Productivity q/q
Prelim Unit Labor Costs q/q
Trade Balance
Factory Orders m/m
Natural Gas Storage

Trading Range:
1.1060 – 1.0850

Support & Resistance Levels
R3: 1.1066
R2: 1.1008
R1: 1.0967
Pivot Point: 1.0909
S1: 1.0868
S2: 1.081
S3: 1.0769

Recommendation
Still Active
Buy Above: 1.0900
Take Profit:
1st @ 1.0940
Stop Loss @ 1.0880

EURUSD - Chart

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