EURUSD faced major bearish pressures from the 200-day moving average and pull back to the 1.1840 support, for now. Last week’s jobs report and tomorrow’s possible hawkish FOMC report are causing bearish pressures to continue. But if EURUSD can hold above 1.1840 and 1.18 supports, the outlook for the remainder of the week may change for a bullish one. If the 200-day moving average is broken, the 1.1980-1.20 zone may become the next target for the EURUSD.
