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Interstellar Group

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EUR/USD Forecast: Euro looks vulnerable as focus shifts to US jobs report

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05

2024-01

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2024-01-05
Market Forecast
EUR/USD Forecast: Euro looks vulnerable as focus shifts to US jobs report
  • EUR/USD edged lower early Friday after posting small gains on Thursday.
  • An upbeat December jobs report from the US could weigh on the pair ahead of the weekend.
  • 1.0920 aligns as key near-term technical support for the pair.

EUR/USD gained traction during the European trading hours on Thursday but struggled to extend its rebound in the second half of the day as rising US Treasury bond yields supported the US Dollar (USD). The pair stays on the back foot and trades in negative territory below 1.0950 as the market focus shifts to December jobs report from the US.

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