Towards the end of the week, the US dollar is seen to continue its strengthening pattern since Iran launched an attack on Israel this week.
In addition, the economic data of the United States (US) published also recorded positive figures.
As in yesterday's New York session, the ISM survey for the US services PMI for September rose to 54.9 points above the forecast of 51.7.
Even so, investors will remain cautious for the end of the week trade as the focus will be entirely on the US NFP jobs report in the final session.
Examining the price movement on the chart of the EUR/USD currency pair, the latest lows were recorded yesterday as the downward trend continued.
The price remains moving in a bearish trend that is below the barrier line of the Moving Average 50 (MA50) on the 1-hour time frame of the chart.
The decline in the New York session yesterday almost touched the 1.10000 level but the price was seen to bounce slowly from the important support zone.
Based on the current movement, the price tends to continue the decline lower, but investors will be careful to assess the reaction to the 1.1000 support.
If it is clear that the break-through price is lower, the bearish movement will continue with the target to reach 1.09000.
On the other hand, if the price jumps past the MA50 barrier, it is likely to give a signal for another price increase to occur.
For the upside, the price is expected to test the nearest resistance at the 1.11000 level before climbing higher.
Next, only then will the price go back to the previous important zone which is at the height of 1.12000.
