There is a likelihood that the EURUSD pair will have a bearish breakout as bears target the key support at 1.0500.
Enter your emailThere is a likelihood that the pair will have a bearish breakout as bears target the key support at 1.0500.Timeline: 1-2 days.is stuck close to the lowest level this year as investors focused on the interest rate decision by the Federal Reserve and the average US jobs data.GET STARTEDThe EUR/USD pair was in a tight range last week as investors reflected on the mixed events that happened last week.
The EUR/USD pair also reacted to the latest American jobs data. The economy added 428k jobs in April while the unemployment rate moved to 3.6%. At the same time, wages held steady above 5% as the labor shortage continued rising.
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