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EUR/USD Expected To Break 1.10 Before US Nonfarm Payrolls - Nairaland / General - Nairaland

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EUR/USD Expected To Break 1.10 Before US Nonfarm Payrolls by Anne85chowdhury: 11:08am On Apr 05, 2023
Based on the analysis of economists, it is expected that the EUR/USD currency pair will reach the 1.10 level before the release of the US Nonfarm Payrolls data.


However, some experts suggest that there may be a pause before this anticipated jump, and the pair may find some support around 1.0870/1.0880 due to a potential recovery of the US Dollar and the need for further tightening by the European Central Bank to address core inflation.


Nevertheless, the overall outlook for the EUR/USD remains bullish, and the 1.10 level may be breached next week unless there is unexpectedly strong data from the US ISM and a generally quiet data calendar until the Nonfarm Payrolls release on Friday.

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