EURUSD is returning to a bullish plane relative to the ascending channel. Focus is on the 1.1100 obfuscation and the upcoming NFP data to be released later on Friday. Price is testing the global resistance level at 1.1125. Before the news, a struggle for the key zone may form or a pullback may be formed. The favorable NFP, which the markets are waiting for before a possible interest rate cut on September 18, may affect the decline of the dollar, which in turn will have a bullish effect on the currency pair. Unexpected data may close the price in the range of 1.120 - 1.105.
Resistance levels: 1.114, 1.120
Support levels: 1.1099, 1.1047
The focus is on the resistance of the ascending channel and 1.110. If the bulls can take the defense above this zone, we should expect growth to 1.130 in the future. But a failed attempt may affect the pullback to 0.5 fibo or 1.1045.
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