Yesterday EURUSD fell with a narrow range and closed near the low of the day, in addition managed to close within the previous day range, which suggests being slightly on the bearish side of neutral.
Today we will have the nonfarm payrolls data and market is expecting the creation of 175K new jobs in June but this number is also subject to strong reviews in the upcoming months, and those reviews also tend to trigger volatility in the EURUSD.
The pair continues to trade below all 3 moving averages the 10, 50 and 200 that should act as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1222 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1096 (resistance), the 200-day moving average at 1.1095 (resistance) and Fridays low at 1.0912 (support).
"I trade to make money not to be right."