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📉 $EUR /USD Under Pressure | Key Data in Focus
$EUR /USD slips back toward 1.1710 after rejection near 1.1740, giving up recent gains.
🔹 #Weaker Eurozone PMIs and lower German inflation have renewed selling pressure on the Euro.
🔹 #Markets are now waiting for key US labor data, which could shape expectations for the Fed’s next move.
Outlook:
Volatility likely to stay high. A strong US jobs report may further support the USD, while weak data could offer EUR/USD a short-term bounce...
$EUR /USD slips back toward 1.1710 after rejection near 1.1740, giving up recent gains.
🔹 #Weaker Eurozone PMIs and lower German inflation have renewed selling pressure on the Euro.
🔹 #Markets are now waiting for key US labor data, which could shape expectations for the Fed’s next move.
Outlook:
Volatility likely to stay high. A strong US jobs report may further support the USD, while weak data could offer EUR/USD a short-term bounce...
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