EURUSD

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EURUSD

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