EUR/USD levels ahead of non-farm payrolls

The market is eagerly anticipating the release of non-farm payrolls, projected to grow by 198,000, compared to January's increase of 353,000. A lower-than-expected figure could potentially push the EUR/USD pair higher, as the market has been on a steady ascent since mid-February.

Currently, it has surpassed the 55 and 200-day moving averages at 1.0873/33, which are now expected to provide support in the short term. On the upside, the 200-week moving average at 1.1148 posed significant resistance in July last year, and the market is likely to encounter strong resistance at this level.

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