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Forex

EUR/USD Bounces Back After NFP-Driven Decline

Guavy AI Editorial Team
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EUR USD
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The EUR/USD exchange rate has recovered some of its losses after a stronger-than-expected US employment report sparked volatility in the currency markets.

Following the release, the US Dollar initially gained ground before losing momentum, allowing the euro to bounce back from an intraday low of 1.1585.

The EUR/USD pair is now trading around 1.1620, with technical analysis suggesting a potential higher low forming above the 100-day Simple Moving Average (SMA) at 1.1564.

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