EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data on Nostr: EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data =============== ...

EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data
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#acbb1c95 ver:0.53

The EUR/USD pair gains momentum as the euro strengthens on improved Eurozone services PMI and German services PMI. However, the eurozone economy remains fragile, and a rate cut by the ECB is anticipated. US nonfarm payrolls are expected to drop, impacting the pair. Traders monitor these developments and resistance level at 1.0849. Equity indices rise, dollar falls, and gold and silver recover. Technical analysis shows the EUR/USD pair testing a pivotal area at 1.07. Euro rallies on robust activity data in Europe, while US business growth slows. Traders anticipate economic data from Europe and the US. The EUR/USD pair hovers around 1.07, supported by a softer USD. US Q1 GDP data release will provide clues on the economy and the Fed's next move. ECB's dovish stance creates headwinds for the pair. #EURUSD #Eurozone #ECB #USGDP #forex...

#newstr #Eur/usd #Forex #UsGdp #Ecb #InterestRates

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