EUR/USD trims gains near 1.1070 ahead of NFP

The shared currency is giving away part of its earlier gains vs, the dollar, with EUR/USD testing the area of 1.1070/65.

EUR/USD attention to Payrolls

Spot remains aligned with the broad sideline theme prevailing in the global markets ahead of the release of June’s Non-farm Payrolls. Recall that markets expect the US economy to have added 175K jobs during last month and the jobless rate to tick higher to 4.8% from 4.7%.

In the meantime, the pair keeps the choppy trade throughout the week, amidst the ongoing adjustment in the global markets following the recent decision by the UK to leave the European Union.

EUR/USD levels to watch

The pair is now gaining 0.05% at 1.1069 facing the next resistance at 1.1094 (200-day sma) followed by 1.1175 (base of the 6-month rising channel) and finally 1.1184 (high Jul.5). On the flip side, a break below 1.1029 (low Jul.6) would open the door to 1.0913 (post-Brexit low Jun.24) and then 1.0820 (low Mar.10).