EURUSD

Ahead of today's release of the U.S. non-farm payrolls data, global markets are experiencing a cautious mood. While a rate cut at the Fed's September meeting is almost certain, uncertainty remains whether the cut will be 25 or 50 basis points. The weak employment data from July in the U.S. had heightened recession fears in the markets. The EURUSD pair is focused on the Fed’s upcoming decisions, with market participants closely watching how these data might impact the euro. On the 4-hour chart, the EURUSD pair finds support at the 1.1084 and 1.104 levels, while resistance is noted at the 1.1145 and 1.12 levels. The RSI indicator is at 66.19, suggesting the pair is approaching overbought territory. The pair is trading at 1.11165, up by 0.03% from the previous day Support:1.1084 - 1.104 - 1.1009 Resistance:1.1145 - 1.12 - 1.125