The euro continues to consolidate against the US dollar, ahead of the release of the United States monthly jobs report this afternoon. A weaker payrolls headline number could trigger a breakout above the 1.1180 level, pushing the EURUSD pair towards the 1.1260 resistance level. Alternatively, a strong payrolls number could force a breakout in the EURUSD pair under the 1.1110 support level.
The EURUSD pair is only bearish while trading below the 1.1110 level, key support is found at the 1.1075 and 1.1044 levels.
The EURUSD pair is only bullish while trading above the 1.1110 level, key resistance is found at the 1.1180 and 1.1260 levels.
