EUR/USD clings to gains near 1.1080

The single currency keeps the positive note on Friday, taking EUR/USD to the current 1.1075/80 band.

EUR/USD focus on Payrolls

Spot is recovering part of yesterday’s decline, although a sustainable break above the critical 200-day sma in the 1.1100 neighbourhood still remains elusive for EUR-bulls.

In addition, the pair’s perspective keeps its bearish fashion as long as it trades below the base of the rising 6-month channel, today at 1.1175.

A softer tone in the greenback is helping with the upbeat tone around the risk-associated assets, all ahead of June’s Non-farm Payrolls, expected at 175K.

EUR/USD levels to watch

The pair is now gaining 0.09% at 1.1074 facing the next resistance at 1.1094 (200-day sma) followed by 1.1175 (base of the 6-month rising channel) and finally 1.1184 (high Jul.5). On the flip side, a break below 1.1029 (low Jul.6) would open the door to 1.0913 (post-Brexit low Jun.24) and then 1.0820 (low Mar.10).