EUR/USD Outlook (06 March 2020)

Overall, EUR/USD is trending upwards. Recently, EUR/USD trended higher, breaking the resistance level of 1.11800.
EUR/USD’s next support level is at 1.11800 and the next resistance level is at 1.38000.
The U.S. Non-Farm Employment data will be released later at 2130 (SGT). If the released data is overall negative and the USD weakens, look for buying opportunities of EUR/USD. If the released data is overall positive and USD strengthens, stay out of EUR/USD.