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- Major support – 1.1299 (200 4 H MA)
- EUR/USD has jumped drastically on Friday due to weaker than expected US jobs data. It is currently trading around 1.13478.
- The U.S economy has added only 38k jobs in the month of May, lowest number since 5-1/2 years. Weak jobs growth eases US rate hike fears.
- The pair made a high of 1.13734 and slightly declined from that level .Short term trend is slightly bullish as long as support 1.1295 holds.
- Any break below 1.1295 will drag the pair down till 1.1265/1.1230/1.1200.
- Short term bullish invalidation only below 1.11000.
- On the higher side, major resistance is around 1.1380 and any break above targets 1.1435/1.1450/1.1500.
It is good to buy at dips around 1.1300 with SL around 1.1235 for the 1.1380/1.1435.
