EUR/USD Bounced Off the Support

Although EUR/USD broke below 1.0870, the pair failed to break below the support at 1.0820 before it formed a spinning top and a doji candlestick on the daily time frame and bounced off that level. I expect a further move to the upside, towards the resistance at 1.1000. That said, nothing is certain before the announcement of the US change in the Non-farm Payrolls tomorrow. We can likely expect a period of tight range and consolidation before the fundamentals, and that is never a good time to trade. I intend to wait and see the results and then make my decision about what positions to open.