EUR/USD flirts with key support near 1.0630 ahead of NFP

The EUR/USD pair remains slightly offered in the mid-European session, within a close proximity to daily lows struck earlier at 1.0629. The bears appear to have taken a breather, as they await the US payrolls data for the next leg lower. Markets are expecting the US economy to have added 180k jobs last month, against 235k gain seen previously.

The spot keeps its range-play intact, as a typical calm set into the markets ahead of the critical US labor market report. Markets turn cautious and usually refrain placing fresh directional bets on EUR/USD before the upcoming US macro news.

Meanwhile, dust settles over the reports of US military attack on Syria and focus shifts back on the second day of the Trump-Xi meeting, which will also have some bearing on the prices. On the data-front, the German trade balance and industrial production numbers bettered expectations, however, failed to lift the sentiment around the common currency.

EUR/USD Technical Levels   

Technical resistances for the pair are aligned at 1.0686/0700 (10-DMA/ psychological level), 1.0737      (20-DMA) and finally 1.0813 (200-DMA). On the flip side, the spot finds next support at 1.0624 (100-DMA), a break below that level could open the door to 1.0600 (psychological level/Mar 14 low) and 1.0569/59 (Mar 10 low/ classic S3).