Friday’s strong July U.S. jobs report increased expectations that the U.S. Federal Reserve will continue its aggressive monetary tightening with another hike of 75 basis points in September.

As long as the EURUSD pair trades above 1.0083, on a four-hourly basis, we will see 1.0351 as a resistance level. On the other hand, if the price drops back below 1.0083, the next support level can be seen at 0.9914

Support: 1.0083 - 0.9914
Resistance: 1.0351 -1.0496

10 Aug 22 (Wed)

02:47 am