EUR/USD steadies in a tight range around 1.0400 in Friday’s European session as the US Dollar (USD) trades cautiously ahead of the United States (US) Nonfarm Payrolls (NFP) data for January, which will be published at 13:30 GMT.
EUR/USD trades broadly sideways around 1.0400 as investors await the US NFP data for January. The Fed is expected to cut interest rates in the June policy meeting. ECB ’s Cipollone expects the impact of tariffs on China to be deflationary for the Eurozone. EUR/USD steadies in a tight range around 1.0400 in Friday’s European session as the US Dollar trades cautiously ahead of the United States Nonfarm Payrolls data for January, which will be published at 13:30 GMT.
0400 in European trading hours on Friday ahead of the US NFP employment data. The major currency pair faces pressure near the 50-day Exponential Moving Average around 1.0436, suggesting that the overall trend is still bearish. The 14-day Relative Strength Index oscillates in the 40.00-60.00 range, indicating a sideways trend. Looking down, the January 13 low of 1.0177 and the round-level support of 1.0100 will act as major support zones for the pair.
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