The EUR/USD currency pair softened on Thursday as the Euro declined against the strengthening US Dollar. The exchange rate slipped further, driven by recent bullish sentiment surrounding the Greenback after the latest US weekly jobless claims data was released. This report indicated a resilient labor market, lending support to expectations of continued economic strength in the United States.
As traders reacted to the labor market figures, the Dollar gained momentum, extending its recent gains. The EUR/USD pair faced downward pressure, with technical levels indicating a potential move towards 1.0600 if the trend continues. Market participants will be closely monitoring upcoming economic indicators, as any further positive data for the USD could solidify its position against the Euro in the trading session ahead.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-08 15:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.