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EURUSD Awaiting US Job Report

The euro currency has remained under downside pressure against the US dollar during the European trading session, with the pair now awaiting the US monthly job report. Bearish intraday selling pressure should continue while price trades below the neckline of the head and shoulders pattern on the four-hour time frame. A break below the 1.1170 support level may trigger further losses in the EURUSD pair towards the 1.1120 level.

The EURUSD pair is bearish while trading below the 1.1230 level, key technical support is found at the 1.1170 and 1.1120 levels.

If the EURUSD pair moves above the 1.1230 level, buyers may test towards the 1.1260 and 1.1300 levels.

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