In a slight turn around, the currency pair EUR/USD is likely to continue its streak from the overnight range play below which is 1.1800 as traders and investors are taking steps cautiously with the start of the new week in Europe.
Interestingly, the primary currency pair is taking ideas from the frigid trading witnessed in the US compared to its significant peers amid the aftermath of the US labour report and holiday-thinned forex exchange trading.
Notably, the non-farm payrolls data of August missed the expectations with +1371K. However, the average hourly earnings knocked out the anticipation with +0.4 per cent MoM in August against 0 per cent expectations.