EUR/USD advances to highs around 1.1150

The shared currency clings to its daily gains vs. the dollar on Friday, taking EUR/USD to the current 1.1150 region.

EUR/USD looks to NFP for direction

The pair keeps its daily range in the mid-1.1100s for the time being, against a backdrop of a generalized cautious trade in light of the upcoming key Non-farm Payrolls in the US economy.

Market bets see the economy adding 170K jobs in July, down from the previous print at 287K, while the jobless rate is seen ticking lower to 4.8% from 4.9%.

In the meantime, spot keeps the lower bound of the weekly range after failing to extend the previous spike to the 1.1230 area.

EUR/USD levels to watch

The pair is now advancing 0.17% at 1.1149 facing the initial resistance at 1.1236 (high Aug.2) ahead of 1.1263 (50% Fibo of the May-June down move) and then 1.1291 (base of the 8-month rising channel). On the other hand, a breach of 1.1080 (200-day sma) would target 1.0950 (low Jul.25) en route to 1.0913 (post-Brexit low Jun.24).