EURUSD Movement
For the 24 hours to 23:00 GMT, the EUR rose 0.09% against the USD and closed at 1.1216.
In the US, JOLTS reported a robust job openings data, reaching a level of 5.75 million in July, outperforming a market estimate of 5.28 million, after recording a revised level of 5.32 million in the month of June. Meanwhile, the seasonally adjusted Redbook index dropped 1.30% MoM in the week ended 04 September.
In the Asian session, at GMT0300, the pair is trading at 1.1214, with the EUR trading marginally lower from yesterday’s close.
The pair is expected to find support at 1.1148, and a fall through could take it to the next support level of 1.1083. The pair is expected to find its first resistance at 1.1263, and a rise through could take it to the next resistance level of 1.1312.
Going forward, market participants will closely track from initial jobless claims data for the week ended 04 September, due later in the day.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
