EURUSD: SELL 1.1400, SL 1.1500, TP 1.1200 | 09 Junio 2025
09 Junio 2025, EUR/USD
Event to pay attention to today:
15:30 EET. USD - Non-Farm Employment Change
EURUSD:
The EUR/USD pair is trading in a limited range around 1.1440 during Asian trading hours on Friday.
Investors' attention will be focused on the official US employment data as it will affect market expectations regarding the Federal Reserve's (Fed) monetary policy outlook. The US economy is estimated to have added 130,000 new workers, down from the 171,000 hired in April. The unemployment rate remained unchanged at 4.2%.
The U.S. Dollar Index (DXY), which measures the dollar's value against six major currencies, rises to 98.80.
The dollar index rebounded on Thursday following comments by U.S. President Donald Trump in a post on the Truth.Social website suggesting a de-escalation of trade tensions between Washington and Beijing. “The call lasted about an hour and a half and ended very positively for both countries.” wrote Trump.
Meanwhile, the euro (EUR) is trending negative, while comments from European Central Bank (ECB) officials indicate that the monetary policy expansion cycle is now complete.
Trade recommendation: SELL 1.1400, SL 1.1500, TP 1.1200
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
