Rising unemployment in the US could trigger EURUSD growth
Ahead of US economic data releases, the USD continues to strengthen against the euro, with the EURUSD pair trading around 1.1590. Find out more in our analysis for 5 March 2026.
Technical outlook
On the H4 chart, the EURUSD pair formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, the pair is forming a correction following the signal from the pattern. The pullback target could be the 1.1670 level.
The euro continues to lose ground amid expectations of US employment data.
Read more - EURUSD Forecast
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