EUR/USD - consolidate just below the neckline of the nice H&S formation on daily chart. The market seems is 'taking a breath' before next major movement and my expectation is for USD rising to 1.1490/.1.1510
The EUR/USD retreated from the daily high to currently trade at 1.2265. But having increased US dollar’s selling and closed US markets, the euro bulls will continue to march higher.
EUR/USD is fighting to push above the 20-day SMA on the H4. Th eupward potebntial is losing strength and to resume the bullish trend the pair should regain the 1.2280 level.
EUR/USD is pressuring 1.2500 area ahead of NFP. A key resiatnce is seen at 1.2535, a multi years high, and in case of breaking this level on poor US data, the pair more likely will test 1.2600 before closing the week.