EUR/USD eases down 0.2% to a low of 1.1808
There isn’t much else happening in the market at the moment as we continue to count down to the US non-farm payrolls release later at 1230 GMT.
The euro is a touch on the softer side as we see the narrow ranges for the day stretch out a bit, notably with EUR/USD falling 0.2% to 1.1808 currently.
Sellers are in near-term control as price action keeps below both key hourly moving averages but support around 1.1800 and levels just below that have been a stubborn barrier that sellers haven’t quite broken through throughout the month of July.
A strong US jobs report later could yet spark dollar bids and maybe provide some impetus for sellers to push back towards the July low @ 1.1752. That will be a key support region to watch before the late March lows @ 1.1704-11 come into play.