FxWirePro: EUR/USD trades higher, market eyes US Nonfarm payroll data

• Major support – 1.2330
   
• EUR/USD has jumped slightly after hitting low of 1.23855 yesterday. The pair declined slightly after more hawkish US Fed monetary policy. The pair is holding well above 1.2400. It has jumped till 1.24509 at the time of writing and is currently trading around 1.24466.
   
• The pair has showed activity in European session after release of EU final Markit PMI data. EU Markit PMI data is close to record high at 59.6 in line with forecast and German PMI came at 61.1 vs forecast of 61.2. Market eyes US ISM manufacturing PMI for further direction.
   
• On the higher side, near term resistance is around 1.24620 (61.8% fibo) and any break above will take the pair to next level till 1.2500/1.2538 (Jan 25th 2018 high). The pair should break above 1.2550 for further bullish continuation.
   
• The near term support is around 1.23800 and any break below will drag the pair to next level till 1.2330/1.2300 (61.8% fibo). It should break below 1.2200 for further slump.

It is good to buy on dips around 1.2400-05 with SL around 1.23600 for the TP of 1.2500/1.2538.