The EUR/USD pair traded with a soft tone, yet within familiar levels throughout the first half of Thursday, as market players awaited the European Central Bank (ECB), monetary policy announcement, and minor United States (US) employment data ahead of the release of the Nonfarm Payrolls (NFP) report on Friday.
EUR/USD Current price: 1.0881 The European Central Bank trimmed the main three interest rates by 25 bps each. The United States reported unemployment claims rose in the last week of May. EUR/USD keeps trading within familiar levels and lacks directional strength.
the expected 220K. EUR/USD, however, was unable to conquer the 1.0900 threshold. Ahead of Wall Street’s opening, stock markets trade marginally higher. ECB President Christine Lagarde kicked off the press conference, which may introduce additional noise to markets. EUR/USD short-term technical outlook From a technical point of view, the EUR/USD pair has shown little progress. It trimmed most of the initial gains and trades in the 1.0870 price zone.
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