EUR/USD edged slightly higher and closed in positive territory above 1.0800 on Thursday.
EUR/USD holds above 1.0800 in the European session on Friday. Nonfarm Payrolls data from the US could impact the US Dollar's valuation. The technical outlook points to overbought conditions in the near term. The pair holds its ground early Friday as market focus shifts to June labor market data from the US. Following the Independence Day holiday in the US, the US Dollar stays on the back foot and helps EUR/USD hold its ground.
0840 could be seen as interim resistance before 1.0900 . If EUR/USD drops below 1.0800 and fails to reclaim this level, supports could be seen at 1.0760 and 1.0730-1.0740 . Nonfarm Payrolls FAQs What are Nonfarm Payrolls? Nonfarm Payrolls are part of the US Bureau of Labor Statistics monthly jobs report. The Nonfarm Payrolls component specifically measures the change in the number of people employed in the US during the previous month, excluding the farming industry.
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