EURUSD

The EUR/USD pair starts the week just below the pivot level of 1.1735, in a narrow range. The first resistance in upward movements is 1.1761, and if this level is surpassed, the targets can be 1.1780 and 1.1803. In possible pullbacks, 1.1716 will be watched as the main support level; breaking this support could increase selling pressure and bring the 1.1690 level into play. Especially the U.S. employment data to be announced towards the weekend will be decisive for the direction of the pair.