EUR/USD bounces; 1.09 key intraday resistance by Milan Cutkovic

  • Solid PMI numbers in the EU session failed to spark EUR demand
  • USD is bid again despite the weak NFP figure
  • However, EUR/USD found decent intraday support at 1.0830 and has bounced from that level
  • Pair is now slowly marching towards the 1.0890/1.09 offers; stops are resting above
  • A break higher could see a squeeze of intraday shorts
  • Next important tech resistance eyed at 1.0950

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