EURUSD Status before NFP

EURUSD has been trading inside a similar channel as USDCHF for the last couple of weeks, but yesterday’s ECB rate decision(hold) followed by the usual official commentaries push the pair lower, just pips away from 1.4200. Today’s NFP announcement is another market moving event, as this can shift the view over the US economy and have a big impact on the currency markets. EURUSD has been trading inside a similar channel as USDCHF for the last couple of weeks, but yesterday’s ECB rate decision(hold) followed by the usual official commentaries push the pair lower, just pips away from 1.4200. Today’s NFP announcement is another market moving event, as this can shift the view over the US economy and have a big impact on the currency markets.

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