$EURUSD Forecast: Euro could test 1.0800 on a disappointing US jobs report by eren_fxstreet forex trading
, three scenarios for wage growth and the dollar.
Meanwhile, US stock index futures trade in negative territory early Friday, pointing to a cautious market mood. If safe-haven flows start dominating the markets in the second half of the day, EUR/USD could find it difficult to continue to push higher and vice versa.EUR/USD closes in on 1.0780, the ending point of the uptrend that started mid-May. In case the pair rises above that level, buyers could show interest and liftOn the downside, 1.0720 forms first support ahead of 1.0700 and 1.0680 .
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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