Greenback staged a solid comeback on the day as traders preferred to hold the US currency ahead of the key US employment report
- EUR/USD extends its corrective slide, slips below the 1.1300 handle heading into the European session
- The major is currently trading at 1.1274, with immediate resistance at 1.1296 (200-Day MA) ahead of the psychological 1.13 level
- Support on the downside is seen at 1.1259 (4h Tenkan-Sen), breach below which could see the pair testing Trendline support at 1.1208
- Daily Stochs are on the verge of a bearish crossover and RSI biased lower
- US ADP figures and the factory orders due later in the day remian in focus amid a data-light EUR calendar ahead
Resistance Levels:
R1: 1.1296 (200-Day MA)
R2: 1.1300 (Psychological level)
R3: 1.1332 (Session high September 1)
Support Levels:
S1: 1.1259 (4h Tenkan-Sen)
S2: 1.1209 (Session Low Sept 1, TL Support)
S3: 1.1154 (61.8% of 1.0808 - 1.1715)
