Euro: Fed repricing supports moderate gains against US Dollar – Commerzbank
Euro: Upside bias hinges on 1.1565 break against US Dollar – UOB
US Dollar Price Forecast: DXY trades near key support ahead of Friday's U.S. Nonfarm Payrolls report, while EUR/USD tests resistance and GBP/USD consolidates after recent gains.
Euro: US payrolls could cap gains against the US Dollar - Commerzbank
Gold eyes $4,365, Silver targets $70 as the EUR/USD test key resist, CHF Weaker [Video]
Euro: Rebound against US Dollar faces key cloud barrier – UOB
Euro weakens against US Dollar amid Middle East tensions
Euro: Recovery stalls near 1.1550 resistance against US Dollar – Scotiabank
EUR/USD Price Forecast: Buyers challenge 100-day SMA as momentum turns bullish
US Dollar awaits Nonfarm Payrolls as markets reassess Fed outlook The US Dollar remained in focus on Thursday as traders positioned ahead of the July Nonfarm Payrolls report, widely regarded as the week's most important economic release. Following a string of softer US economic indicators, investors have reduced expectations for another Federal Reserve rate increase, leaving Friday's labour market data as the next major test for the greenback.
The US dollar rebounded this morning and that caused the EUR/USD and the price of gold and silver to ease back from their earlier highs following yesterday's big precious metals rally. The greenback lost ground yesterday after reports suggested Washington and Tehran were edging closer to an agreement that could ease tensions in the Middle East and help stabilise energy markets.
The Euro took advantage on the Intervention with the Yen to test the downtrend as we see from the chart, which in return pushed for a correction A trading zone between 1.1435 and 1.1560 could hold prices until one of the boundaries break. Above 1.1560 could open the door towards 1.1685 and 1.1795.