EUR/USD slightly softer so far on the session, nears 1.1800

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EUR / USD is down 0.2% to a low of 1.1808

EUR / USD H1 06-08

Not much else is happening in the market at the moment, as we continue to count until the release of US non-farm payrolls later at 1230 GMT.

The euro is touching the softer side as we see the narrow ranges for the day expand a bit, especially with EUR / USD falling 0.2% to 1.1808 at the moment.

Sellers are dominating soon, as price is acting below both key hourly moving averages, but remains around 1.1800 and levels below those that were a stubborn barrier that sellers have not completely crossed during the entire month of July.

We now see a price closer to 1.1800 but just be careful that there are big expirations at the level that will probably limit any major push before we get to the key risk event later in the day.

A strong report on U.S. jobs later could still provoke dollar offers and may give some impetus for sellers to push back to the July low @ 1.1752. That will be a key support region to watch before the late March lows @ 1.1704-11 take off.

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