EURUSD extended to trade in a bullish trend but the volatility prevailed low in the market as the traders are concentrating on trading the most expected economic figure from the U.S, the NFP Employment change as well as the Unemployment rate. As suggested earlier, the EURUSD reached the target level at 1.1058 after testing the resistance level at 1.1125. The pair concluded the day adding almost 14 pips to an opening price of 1.1095.

Fundamentals:

EUR:

Spanish Services PMI
Italian Services PMI
French Final Services PMI
German Final Services PMI
Final Services PMI
PPI m/m

US:

Average Hourly Earnings m/m
Non-Farm Employment Change
Unemployment Rate
Trade Balance
FOMC Member Fischer Speaks

Technicals:

EURUSD consolidated below 61.8% level of 1.1125 and it proved to be very important level for the pair moreover it is expected to stay below this level. The strong resistance prevails around 1.1125, whilst the support prevails at 1.1010 and 1.0975.

Support & Resistance Levels

R3: 1.1162
R2: 1.1134
R1: 1.1117
Pivot Point: 1.1089
S1: 1.1061
S2: 1.1044
S3: 1.1016

Recommendation
Sell Below: 1.1125
Take Profit:
• 1st @ 1.1056
Stop Loss @ 1.1145

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