We still hold a neutral view on EURUSD despite 50 day moving average at 1.180 being above the 100 day moving average 1.176 as we wait to see if prices will consolidate above key resistance at 1.18 before taking a long view. EURUSD has recovered over the past few trading sessions mainly on the back of US dollar weakness and non farm payrolls came through at 661K vs 850K forecast albeit previous months being revised upwards by 142K.