The EUR/USD pair continues to trade uneventfully around the 1.1200 level, with investors hoping upcoming US employment data will offer some clues on what's next.
This Wednesday in the US, the release of the ADP survey will gather most of the attention, expected at 195K against previous 190K, alongside with a speech from FED's Dudley. Also with chances to weigh on the market is the EIA weekly release of US oil stockpiles.
View the Live chart of the EUR/USD
In the meantime, the pair continues trading a handful of pips above the 1.1200 figure, maintaining the neutral stance seen on previous updates. A daily descendant trend line coming from September high of 1.1459 is offering an immediate resistance around 1.1250, so additional gains beyond it may lead to a continued advance up to the 1.1290 region, whilst above this last, the rally can extend up to 1.1335.
Below 1.1200 on the other hand, the pair can turn south, with the next intraday supports at 1.1160 and 1.1120.
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