The euro currency continues to trade around the 1.1160 level against the US dollar after the US monthly jobs report failed to provoke a major breakout in the pair. Going forward, the EURUSD pair faces major upcoming technical resistance from the 1.1210 level. Failure to overcome the 1.1210 level could prompt a bearish retracement back towards the 1.1070 support level.
• The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1070 and 1.1040 levels.
• The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1210 levels.
• The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1070 and 1.1040 levels.
• The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1210 levels.
