EURO FURTHER BEARISH BELOW 1.1750 LEVEL
The slide lower in the euro currency has spilled over into the European trading session, with the EURUSD hitting a new monthly price-low, at 1.1732. The U.S dollar index has moved above the key 94 mark, with the greenback gaining strongly against a basket of top-tier currencies. The single currency has also been hit hard by cross-pair outflows, with EURGBP pair moving lower towards the 0.8700 level, as the British pound strengthens. Traders now await the U.S Non-farm payrolls jobs report, with the U.S unemployment rate expected in at 4.1 percent and headline jobs figure at 200,000.
The EURUSD pair is strongly bearish while trading below the 1.1750 level, further downside towards the 1.1713 and 1.1665 levels seems possible on a positive jobs number.
Should EURUSD price-action move above the 1.1750 level, buyers may look to target towards the 1.1780 and 1.1815 resistance levels.