The high for today reached 1.1996
The dollar is gaining some ground as we begin the European session. EUR/USD is marked lower to lows of 1.1971 earlier, and sits near the low for the day currently @ 1.1976.
The range for the pair remains subdued though, but it's the kind of thing you'd expect as we await the US jobs report later today.
So, what are the levels to look out for in the pair?
First is the 1.2000 figure level itself, where it presents a psychological barrier as well as one with large expiries today. That can be seen as the middle ground for the pair.
In terms of downside moves today, watch out for the 9 January low @ 1.1916 as the next key support level. Apart from that, there's also large expiries @ 1.1900 to consider for price action post-NFP.
Meanwhile, for upside moves the first will be the 100-hour MA above @ 1.2018. Coinciding with that at the same level is the 200-day MA (blue line):
That will be a key area of resistance for the pair, especially the 200-day MA level. Further up there is the 200-hour MA @ 1.2090 to act as a resistance level for buyers. That will be another key level to watch out for later in the day if the pair breaks upwards.
A break of both the 100-hour and 200-hour MA will present a bullish near-term bias in the pair, and that was last seen on 19 April.
