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- EUR/USD to test key supports at 1.0900/1.0850 on stronger-than-expected NFP – ING
EUR/USD to test key supports at 1.0900/1.0850 on stronger-than-expected NFP – ING
The EUR/USD decline stalled around 1.0910 on Thursday. Economists at ING analyze the pair’s outlook.
EUR/USD moves will entirely be determined by US jobs data
With the Eurozone calendar being very light, EUR/USD moves will entirely be determined by US jobs data and any more swings in treasury yields today.
Any sub-consensus read should see a return to 1.100+ levels, while stronger-than-expected numbers would drag the pair to the next key supports at 1.0900 and 1.0850.
See – NFP Preview: Forecasts from 9 major banks, moderate downward trend in job growth
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