EUR/USD Consolidates: Jobs Report Key Next
EUR/USD is steady at $1.0382, awaiting the U.S. non-farm payrolls report. Markets expect the U.S. unemployment rate to stay at 4.1% with 170,000 jobs added in January, but population growth revisions could add volatility. The Euro faces pressure as the ECB remains cautious amid inflation and growth concerns. Traders await clearer signals from U.S. data and ECB guidance. A strong U.S. jobs report may push EUR/USD lower, while a weak one could support the Euro.
From a technical perspective, resistance levels are at 1.0400, 1.0460, and 1.0515 if the price breaks higher. On the downside, support is at 1.0350, followed by 1.0220 and 1.0180.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.