The EUR/USD pair moved back slightly after the latest American jobs data that were published on Friday.
Enter your emailThe pair will likely continue rising as investors buy the dip, with the next key resistance to watch being at 1.0300. Timeline: 1-2 days.moved back slightly after the latest American jobs data that were published on Friday.
The unemployment rate remained unchanged at 3.7% while wages continued growing by more than 5%. However, the closely watched participation rate remained under intense pressure in June. Economists polled by Reuters expect the data to show that the country’s inflation jumped from 8.6% in May to 8.8% in June. Most of this inflation will be because of the soaring food and energy prices. Excluding the two, analysts expect that consumer prices declined from 6.0% to 5.8%. Traders will also focus on the month-on-month numbers.
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