EUR/USD At Support

The EUR/USD is trading at support in the face of the 200SMA. The pair reacted very sharply to the latest NFP and unemployment reports going from 1.1161 to a low of 1.1045. Previous high for the pair was 1.1233, a level reached before the Brexit happened.

Now the pair is trading at 1.1077 and today is the third day for the EUR/USD to hold onto the 200SMA. However, looking back, the pair has been trading at the level for quite a while and market participants might as well have built tolerance and they might not consider this anything special.

No major news are expected today so we might see a calm day for the pair.

Chart: EUR/USD D1