The Euro slips back to 1.17 in the Asian session as President Trump tweeted that he tested positive for COVID-19. The pair will likely suffer a bigger drop today if the Eurozone CPI for September prints below estimates. With weak data, markets may begin pricing higher odds of the ECB adopting a more relaxed approach to control inflation by the year-end, similar to the Fed. Later in the day, the focus would shift to the US NFP report, which is expected to show the economy added 850,000 jobs in September and a drop in the unemployment rate. However, price remains in a range for now as we await for a break above 1.1755 or below 1.17 to confirm the next possible direction.
Support: 1.17/ 1.1615
Resistance: 1.1755 / 1.1815
