EUR/USD holds firm as weak US data threatens dollar strength

EUR/USD maintains a bullish stance as upcoming US economic data releases threaten to further undermine dollar strength following the shocking jobs revision. The pair has found support above key technical levels, with traders positioning for potential dollar weakness ahead of critical inflation figures. The euro's resilience reflects growing concerns about the US economic outlook, particularly after the largest-ever downward revision to employment data. Market participants are reassessing Fed rate cut expectations, which could provide additional tailwind for EUR/USD. Technical indicators suggest the pair is building momentum for a potential break higher, with immediate resistance at recent highs. The US Dollar Index futures show corresponding weakness, confirming the broad-based dollar selloff. Traders should watch for a decisive break above resistance levels, which could accelerate the pair's advance toward psychological targets as US data disappoints relative to elevated expectations.