Last week, the EUR/USD pair lost more than 150 points and, after a slight correction at the level of 1.0840, is trading at the level of 1.0870.
Non-farm Payrolls statistics is due today in the US. Experts expect a strong growth in the number of new jobs, thus, the EUR/USD pair will be pressured further down.
Support and resistance
At present, the pair is trading between the of 1.0835 (0.0% Fibonacci correction and the lower MA of ) and the of 1.0900.
histogram is in the negative zone. is directed down and indicates that the in the EUR/USD pair is low.
Short positions can be opened from the current levels with the target at 1.0835 and trailing-stop 15 points away.