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  • The US Dollar continuing to weaken for Friday, Euro buyers  capitalizing on the weakness.
  • Upcoming  sessions sees Markit PMIs for both the EU   and the US.
  • Buyers to be constrained by data, which is expected to lean towards contraction.

EUR/USD Chart, 1-Hour

Spot rate:   1.1630  
Relative change:   0.26%  
High:   1.1637  
Low:   1.1598  
     
Trend:   Flat to bullish  
     
Support 1:   1.1598 (current day low; key handle)
Support 2:   1.1508   (current week low)
Support 3:   1.1456 (S2 daily pivot)
     
Resistance 1:   1.1644 (current week high)
Resistance 2:   1.1729 (61.8% Fibo level)
Resistance 3:   1.1708 (R2 daily pivot)