There is a strong struggle for the 1.0700 area, especially ahead of Non Farm Payrolls, which may determine the medium-term outlook. Traders expect the NFP to be lowered to 238K, compared to the previous 303K. On the background of high news volatility, the price may test the liquidity zones above the price before continuing to fall, as the general background for the currency pair is still negative.
Resistance levels: 1.07365, 1.0800, 1.08643
Support levels: 1.0703, 1.0606
Based on the general data there is a probability to see a positive NFP for the dollar, which in general will continue to have a negative impact on the currency pair. But the problem with economic news is still that it is high uncertainty.
Resistance levels: 1.07365, 1.0800, 1.08643
Support levels: 1.0703, 1.0606
Based on the general data there is a probability to see a positive NFP for the dollar, which in general will continue to have a negative impact on the currency pair. But the problem with economic news is still that it is high uncertainty.