Technical Outlook EURUSD 07.04.2017

Technical Outlook EURUSD 07.04.2017

EURUSD

The Euro is still holding above strong 100SMA support (1.0622) but bias is bearish after yesterday’s dip eventual close below 1.0650 (Fibo 61.8% of 1.0493/1.0905 ascend) that generated bearish signal.
The pair is trading within narrow range in early Friday (1.0636/58) ahead of US NFP data (176K f/c vs 235K in Feb) which is expected to signal fresh direction.
Near-term studies are firmly bearish, while dailies give mixed signals.
Pivotal points lay at 1.0622/11 (100SMA / daily cloud top) at the downside and 1.0700 (daily Kijun-sen) at the upside and sustained break on either side will give firmer direction signals.

Res: 1.0658; 1.0687; 1.0700; 1.0733
Sup: 1.0627; 1.0622; 1.0611; 1.0583