EUR/USD gained traction in the second half of the day on Thursday and closed in positive territory.
EUR/USD holds steady above 1.0700 after closing in the green on Thursday. April jobs data from the US could trigger the next big action ahead of the weekend. The pair could face stiff resistance at 1.0750-1.0755. The pair stays in a consolidation phase above 1.0700 early Friday as investors gear up for the last high-impact data release of the week, April jobs report from the US.
How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices , is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
Currencies Majors Technical Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: Euro needs to clear 1.0750 to extend reboundEUR/USD gained traction to start the week and stabilized in positive territory above 1.0700.
Read more »
EUR/USD Forecast: Euro needs to clear 1.0660 to extend recoveryEUR/USD holds steady above 1.0600 early Wednesday after posting small losses on Tuesday.
Read more »
EUR/USD Forecast: Euro looks to test 1.0750-1.0760 resistance areaEUR/USD gathered bullish momentum in the late American session on Wednesday and closed the day in positive territory.
Read more »
EUR/USD Forecast: Euro turns bearish ahead of Fed policy announcementsEUR/USD came under heavy bearish pressure in the American session on Tuesday and closed the day sharply lower.
Read more »
EUR/USD Forecast: Euro stays resilient following inflation dataEUR/USD closed in positive territory on Monday but lost its traction in the early trading hours of the European session.
Read more »
EUR/USD Forecast: Euro looks to end the week on a bullish noteEUR/USD preserves its bullish momentum after closing in positive territory on Thursday and trades at its highest level since April 11 at around 1.0750.
Read more »