EUR/USD at the 1.3800 level.

In my opinion, the next levels to watch for are: support - 1.0812, resistance - 1.1246.
 

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On the upside, the pair seems have lost it's strength and downside movement seems limited above 1.1100 level.
 
EUR/USD recorded a decline on Friday. The session started at 1.1206 and the euro lost 54 pips after the US NFP report proved weaker than expected. Daily extreme values were reached respectively at 1.1243 and 1.1109. If the downward trend continues, the euro will reach the support at 1.1100.
 
On the last Friday’s session the EURUSD tried to rally but found enough resistance at 1.1237 to reverse and closed in the red, near the low of the day, however managed to close within the previous day range, suggesting a weak bearish momentum.

The pair continues to close above the 10, 50 and the 200-day moving averages that are acting as dynamic support.

The key levels to watch are: The daily resistances at 1.1460, other daily resistance at 1.1237, daily support at 1.1097, the 200-day moving average at 1.1028 (support), the 10-day moving average at 1.0961 (support) and the 50-day moving average at 1.0909 (support).
 
The pair reached the support at 1.1086, formed a hammer candlestick on the one-hour time frame and started moving to the upside again. It's currently testing the resistance at 1.1140 and a breakout above that level would mean that it will likely continue climbing towards 1.1180 - 1.1200.
 
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The pair started rising. The main fundamental factors remain to support the US dollar. The rise last week showed that the time for correction has come.
 
On the upside, the pair lack of strength to go above 1.1200 handle, and with limitation on the downside too Eur/Usd is still directionless.
 
The single currency recorded an increase against the US dollar on Monday. After a volatile session, the euro added 51 pips at a closing price of 1.1192 points. The pair bounced from support at 1.1100 and headed up. If the upward trend continues, the pair will test the first resistance at 1.1286.
 
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