Euro Rallies on Weak US Data But Traders Cautious Ahead of Key Jobs Report

Euro area economic situation remains weak but EUR bulls capitalize on disappointing US data.

Focus turns to release of US NFP and ISM services PMI tomorrow which could impact EUR/USD.

EUR/USD technical analysis shows price remaining within rising wedge pattern.

Resistance around 1.0800, support at 1.0600 and 1.0500.

IG client sentiment currently net neutral on EUR/USD with bulls just ahead of bears in positions.