Euro Price Forecast: EUR/USD Trades Watchfully Ahead of NFP
- Vavio
- Oct 7, 2022
- 1 min read
EUR/USD ANALYSIS TALKING POINTSU.S. labor data unlikely to deter Fed officials.EUR/USD weekly long upper wick a concern for euro bulls.EURO FUNDAMENTAL BACKDROPThe euro remains relatively cautious today ahead of the U.S. Non-Farm Payroll (NFP) print later this afternoon with estimates pointing to a slight decline from August. This being said, unemployment is set to stay constant which may keep the greenback supported should actual data fall in line with expectations.
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