EURUSD

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EURUSD

The EUR/USD pair started the week just below the pivot level of 1.1617, within a narrow range. The first resistance in upward movements is at 1.1659, and if this level is surpassed, the targets could be 1.1691 and 1.1723. In case of potential pullbacks, 1.1595 will be monitored as the main support level; breaking this support could increase selling pressure and bring the 1.1563 level into focus. Particularly, the U.S. employment data to be announced towards the weekend will be decisive for the pair's direction.