EURUSD AWAITING RANGE BREAK
The euro currency is unable to find a clear trending direction against the U.S. Dollar Index, as buyers once again failed to hold price above the 1.1650 level on Thursday. The release of the US Non-farm payroll job report later today may provide the catalyst for a clear technical break. EURUSD sellers will attempt to break the 1.1530 level, while buyers will try to attack the 1.1650 level.
The EURUSD pair bearish while trading below the 1.1600 level, key technical support is found at the 1.1580 and 1.1530 levels.
If EURUSD buyers move price above the 1.1650 level, further upside towards the 1.1681 and 1.1730 level appears likely.
The EURUSD pair bearish while trading below the 1.1600 level, key technical support is found at the 1.1580 and 1.1530 levels.
If EURUSD buyers move price above the 1.1650 level, further upside towards the 1.1681 and 1.1730 level appears likely.
