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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B

EUR/USD Outlook: Trade Remains Subdued Near 1.0300 with US Nonfarm Payrolls Ahead

James Carter
James Carter

James Carter

James is a seasoned forex trader and financial analyst with...

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James Carter

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The EUR/USD pair remains steady near the 1.0300 level, with traders cautious ahead of the pivotal US Nonfarm Payrolls (NFP) report. This widely-watched employment data is expected to set the tone for the Federal Reserve’s monetary policy outlook, keeping market participants on edge.

EUR/USD Technical Analysis as of January 9, 2025
Source – FXStreet

The pair has struggled for direction amid mixed economic signals. On the one hand, robust US data has bolstered the dollar, but a softer tone from the Fed has capped gains. The euro, meanwhile, is facing pressure from the European Central Bank’s cautious stance on further rate hikes. Analysts predict the upcoming NFP report could spark fresh volatility, particularly if the numbers deviate from forecasts.

The focus now shifts to whether EUR/USD can break decisively from its current range. A stronger-than-expected jobs figure could reinforce Fed hawkishness, driving the pair lower. Conversely, a weaker print may reignite concerns about US economic resilience, providing a boost to the euro.

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