EUR/USD Market Buzzes Ahead of Key NFP Data
EUR/USD Market Buzzes Ahead of Key NFP Data
The EUR/USD pair attempted to stretch its gains for a fourth consecutive day. However, as markets prepare for Friday’s crucial US Nonfarm Payrolls (NFP) data, it faced a sharp rejection from the 1.0850 level on Thursday. This rejection halted what had been a strong three-day winning streak.
Investors are now keenly waiting for the upcoming NFP data, which holds significant weight in determining the direction of the dollar and the EUR/USD pair. The outcome could influence trading strategies across the forex market, making it essential to stay alert during this period.
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