Market Technical Analysis by RoboForex

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EURUSD holds steady ahead of Nonfarm Payrolls

The EURUSD pair is stabilising after its decline, remaining within a narrow range ahead of key US labour market data. The rate currently stands at 1.1522.

Technical outlook

The EURUSD rate is declining and has almost reached the lower boundary of the bullish channel. Today’s EURUSD forecast suggests a renewed upward movement, with a potential target at 1.1635.

The EURUSD pair remains in a consolidation phase ahead of the Nonfarm Payrolls release.

Read more - EURUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team