EURUSD: BUY 1.1455, SL 1.1355, TP 1.1655 | 10 Junio 2025

EURUSD:

The EUR/USD pair remains resilient after losses in the previous session, trading near the 1.1400 mark during Asian hours on Monday. The pair faced challenges as the US dollar (USD) received support from Friday's stronger-than-expected US jobs data for May.

The US Bureau of Labor Statistics (BLS) reported that US Non-Farm Payrolls (NFP) rose by 139,000 jobs in May, up from 147,000 (revised from 177,000) in April. This reading was above the market consensus of 130,000. In addition, the unemployment rate remained unchanged at 4.2% and average hourly earnings were unchanged at 3.9%, both stronger than market expectations.

Traders are likely to keep an eye on US-China trade talks scheduled for Monday in London. U.S. Treasury Secretary Scott Bessent and two other Trump administration officials will hold talks with their Chinese counterparts after the two countries argued over many issues amid an escalating trade war.

European Central Bank (ECB) Governor Yannis Stournaras said the eurozone has reached a soft landing and emphasized that policy easing is almost complete. However, Stournaras warned that uncertainty surrounding potential U.S. tariffs could disrupt economic growth, Bloomberg reported.

ECB President Lagarde also noted that the central bank is close to completing its easing cycle.

Trade recommendation: BUY 1.1455, SL 1.1355, TP 1.1655

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