EURUSD Awaits Nonfarm, Potential for Price Increase
Updated
Nonfarm Payrolls data and U.S. labor statistics have a strong impact on the USD and EURUSD trend. If the data is unfavorable, EURUSD may see a price increase.
On the chart, EURUSD is fluctuating around 1.11077 after reaching resistance near 1.11500.
The EMA 34 and EMA 89 are supporting the short-term upward trend, indicating that the price may continue to rise after the current adjustment.
EURUSD could make a slight correction to 1.10760 before rising again. If support holds and economic news is favorable, the next target is 1.11389.
On the chart, EURUSD is fluctuating around 1.11077 after reaching resistance near 1.11500.
The EMA 34 and EMA 89 are supporting the short-term upward trend, indicating that the price may continue to rise after the current adjustment.
EURUSD could make a slight correction to 1.10760 before rising again. If support holds and economic news is favorable, the next target is 1.11389.
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