EUR/USD, EUR/CHF face pressure as USD weakness may deepen on weak jobs data
EUR/USD and EUR/CHF are experiencing divergent pressures as markets position for potential US dollar weakness ahead of the Non-Farm Payrolls release. EUR/USD has consolidated near 1.0830, with traders anticipating a possible breakout if US employment data disappoints expectations. The pair faces immediate resistance at 1.0870, while support holds at 1.0800. EUR/CHF continues to weaken, reflecting Swiss franc strength amid European economic uncertainties and safe-haven flows. EUR/PLN remains elevated above 4.30, highlighting emerging market currency weakness against the euro. Market analysis suggests the dollar could face intensified selling pressure if job growth falls below the 180K consensus, potentially pushing EUR/USD toward 1.0900. Conversely, strong employment figures exceeding 220K could trigger a dollar rally, pressuring the euro across multiple pairs.
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EURUSD
EURCHF
EURPLN
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