On the 4-hour chart, the euro has a negative tendency and is hovering near the 20-day SMA.
Critical levels of 1.0840 and 1.0910 have been resisted, with 1.0733 support conceivable if US employment data closes badly.
The EUR/USD 4-hour chart shows a likely negative bias, however, there are some signs of stabilization after the brief rally on Friday. The price is now circling the 20-day Simple Moving Average (SMA). To enhance its bullish view, the Euro must reach 1.0840 and other technical indicators (which have switched away from their negative inclination) must stay in its favor.
The focus is now shifting to impending employment and inflation statistics. The JOLTS Job Openings data will be released on Tuesday, followed by the ADP survey on private job creation before the Nonfarm Payrolls report on Friday. In the world of European data, inflation figures are equally important. Eurozone nations will begin releasing preliminary August Consumer Price Index (CPI) statistics on Wednesday. In addition, the German Gfk Consumer Confidence survey will be released on Tuesday.
If the weekly close is close to the current levels following the US employment data, it may encourage selling in the coming week, perhaps opening the price zone around 1.0733. In the meantime, resistance may be faced at levels 1.0840 and 1.0910.