EURO LOOKS TO U.S PAYROLLS JOB REPORT

The EURUSD has rebounded back above the key 1.1900 level, which represents the pairs 50-period moving average, after falling to a four-day trading low on Thursday and finding support from the 1.1823 level.

After a better than expected 56.9 reading in the eurozone August PMI, the EURUSD spiked to 1.1929, with the pair now remaining well bid ahead of the August U.S Nonfarm payrolls job report.

The EURUSD remains strongly bullish above the 1.1900 level, with the pair now poised for a further attempt at the key 1.2000 level today.

Key technical intraday resistance is located at the daily pivot point, at 1.1920, and the former swing high at 1.1960. Above 1.1960, the 1.2000 and 1.2040 levels remain pivotal areas before the 1.2100 level.

To the downside, the 1.1900 level remains key, with 1.1890 and the 1.1865 levels offering strong support, above the weekly price low, found at 1.1823.