EURO INTRADAY BULLISH ABOVE 1.1790 LEVEL
The euro has started the new trading week higher against the U.S dollar after monthly wage date inside Friday’s Non-farm payrolls job report disappointed investors. The EURUSD pair currently trades around the 1.1780 level, after regaining bullish momentum back above the key 1.1750 technical level. Traders remain focused on both the euro and the U.S dollar, as the Federal Reserve and European Central Bank interest rate decisions nears. The release of the JOLTS job opening survey is the main market moving event on the macro-economic docket later today.
The EURUSD pair will turn intraday bullish above the 1.1790 level, further buying towards the 1.1815 and 1.1860 technical levels now seems possible.
Should the EURUSD pair move below the 1.1750 technical level, intraday sellers will then likely target the 1.1713 support level.