The dollar steadied in holiday-thinned trade on Monday after U.S. jobs data showed job growth slowed further in August, while traders shifted their focus to the European Central Bank's meeting on Thursday. The U.S. Labour Department report on Friday showed that U.S. employment growth slowed and permanent job losses increased as government funding started running out, raising doubts on the sustainability of the economy's recovery. Still, the jobless rate fell to 8.4% from 10.2% in July.
Overall the EURUSD market is bearish with a downside breakout likely sending trade to attack a 1.1790 weekly low. A close under 1.1790 is very bearish ⇒ 1.1730. A reluctance to extend under 10928 hints for attempts to rebound this week.