• EUR/USD drifted lower on Monday as the dollar strengthened as investors focus shifted to Friday’s U.S. non-farm payroll data.
• Economists surveyed anticipate an increase of 165,000 U.S. jobs in August, up from a gain of 114,000 in July.
• Job openings data on Wednesday and the jobless claims report on Thursday will also be closely scrutinized.
•The euro softened, leaving it down 0.26% at $1.040 its lowest since August 19th.
• Immediate resistance is located at 1.1077( Sep 2nd high), any close above will push the pair towards 1.1112(38.2%fib).
• Strong support is seen at 1.1026(50%fib) and break below could take the pair towards 1.0945 (61.8%fib).
Recommendation: Good to sell around 1.1050 , with stop loss of 1.1110 and target price of 1.0960
