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EURUSD is showing strength and is struggling to break below 1.1600 level. The pair hits low of 1.16054 and shown a good jump from that level. It is currently trading around 1.16455.
US Non Farm Payroll is the major data to be released today for further direction. US economy is expected to add 191k jobs in the month of Aug and unemployment to be at 3.8%.
The pair is facing trend line resistance at 1.16500 and convincing break above will take the pair till 1.17180/1.1745.
On the lower side, near term support stands at 1.1600 and any violation below will drag the pair down till 1.15300/1.1500.
It is good to buy on dips around 1.1620-225 with SL around 1.1580 for the TP of 1.1745
