The Dollar weakened across the board yesterday as post-NFP losses were reversed on most major pairs. The biggest winner was the Euro, which rose 190 pips from the open, with the daily range of more than 220 pips.

The pair continued to gain overnight, but it stalled ahead of the trendline drawn off June/July 2014, December 2014 and May/June 2015 peaks. Above that, a confluence of Weekly Resistance 1 (1.1366), Monthly Resistance 1 (1.1366), Daily Resistance 1 (1.1371) and Previous Week High (1.1380) is the next cluster of resistance.

On the downside Previous Day High (1.1307) and 1.13 level shall lend the pair some support before Asian Session Low (1.1273).