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EURUSD trades higher amid good US jobs growth. The pair jumped more than 40 pips from Friday’s low of 1.12106. It hits high of 1.12513 and is currently trading around 1.12468. The pair has formed double bottom around 1.12000.
The spread between US and German Bund has widened from 241 basis point to 248 basis point.Technically, pair is facing strong resistance around 1.12520 (300- H EMA) and any break above will take the pair to next level till 1.1300/1.13325.
On the lower side, near term support is around 1.1200 and any violation below will drag the pair to next level till 1.11760/1.1150.
It is good to buy on dips around 1.1230 with SL around 1.1200 for the TP of 1.1300.
