The EUR/USD pair bounced at the open on Thursday, showing a little bit of resiliency. However, having said that we believe that the market continues to have support at the 1.11 level, and resistance at the 1.13 level. With this, we think that the market will probably be very volatile due to the jobs number coming out later today, and as a result we feel that it’s likely that the market is probably best left alone at this point in time. However, if we fall the way down to the uptrend line on the chart, that could be a buying opportunity.
