The tweet was deleted by the author.
But we saved everything 🙂.
Currency analyst Anton Kharitonov highlights the effect of recent US labor market data on the EUR/USD pair. The weaker than expected job numbers have allowed the euro to sustain its position above the 1.1600 support level, avoiding a potential decline to a lower range between 1.1550 and 1.1500.
In contrast, the currency pair is approaching a significant resistance zone at 1.1780-1.1830. Kharitonov suggests that this area might trigger the liquidation of long positions. Traders are advised to watch this level closely as it could indicate a turning point for EUR/USD positioning.