Below broken trend line. Above the 100 day MA
As the market heads into the US employment report, the EURUSD sits below the highs from Dec and Jan (basically from 1.0975 to 1.0991). The trend line coming up from the December low, slashes across in that area as well. A move above that level - and staying above) - would be more bullish technically. Above that is the 200 day MA which is at 1.10483 currently (see chart).
ON the downside, the 100 day MA the low for day went right down to the 100 day MA at the 1.0929 level (the low was 1.09278). Moving below that on a stronger report - and staying below - would be more bearish. Other target area below would be the 50 or so range between 1.0777 and 1.0829. There have been a number of swing levels in that area.
