EUR/USD is trading around 1.172, having strengthened today on the back of a weaker dollar after the release of weak US employment data. These indicators strengthened expectations of a soon Fed rate cut, which puts pressure on the dollar and supports the euro. In the short term, the key levels for traders remain the same: support - 1,168-1,170, resistance - 1,175-1,180. Further movement of the pair will depend on the Fed rhetoric and upcoming data on inflation in the U.S., which may provoke an increase in volatility.