Friday's forex outlook: Key data releases to drive major pair volatility
Major currency pairs face heightened volatility ahead of Friday's crucial economic releases, with EUR/USD hovering near 1.0350 and USD/CAD testing 1.3900 resistance. The US Dollar Index maintains strength at 109.30 as markets position for potential data-driven moves. EUR/USD remains under pressure from diverging central bank policies, while USD/CAD bulls eye a breakout above 1.3900 psychological level. EUR/DKK stability reflects Danish krone's euro peg mechanism functioning normally despite broader euro weakness. Friday's economic calendar features high-impact releases including US inflation components and European industrial production data. Technical setups across major pairs suggest potential for sharp moves, with EUR/USD support at 1.0300 and USD/CAD resistance at 1.3920 as key levels to watch. Traders should prepare for increased volatility as positioning ahead of weekend risk may amplify price movements following data releases.
Related Symbols:
EURUSD
USDCAD
EURDKK
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