Quick look at EUR/USD


Break above resistance 1.1418 ahead of the payrolls release has opened doors for a quick rise to 1.1460 if the data disappoints. A more sustained rise to 1.15 could be seen if the wage growth figures disappoint.

On the other hand, a break below 1.14 would expose 1.1376. Next support is seen at 1.1342. A super strong wage growth number could see the spot fall to 1.1342.

still overall outlook is seen bullish unless prices drop below 1.1293 which would indicate a short-term top is in place above 1.14 handle.


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