EUR/USD: Buy above 1.1670 (only for intraday before US NFP)

FX:EURUSD   Euro / U.S. Dollar
239 0
Short term trend - Bearish

EURUSD hits one week high at 1.16875 yesterday and is consolidating after hitting the level. The pair is facing hurdle at 1.1680- 1.1670 which was acting as neckline of Head and shoulder pattern. Any convincing break above will take the pair to next level till 1.1720 (support turned into resistance)/1.1755/1.1800.

Any slight weak US Non-Farm Payroll data will take the Euro to next level. It should break above 1.1880 for further upside.

On the lower side, near term support is around 1.16400 (20- 4H MA) and any break below will drag the pair till 1.1600/1.15715.

It is good to buy above 1.1670 with SL around 1.16400 for the TP of 1.1720/1.1745.
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