Euro Rises Over 1% Against Dollar on Positive Private Payrolls Results
Thursday, 4 April 2024, 07:57
Key Points:
- Euro rises over 1% against the Dollar post positive private payrolls report
- EUR/USD breaches $1.0850 mark
- 200-day SMA resistance level crossed
The Euro showed significant strength against the US Dollar today as it secured gains over 1%, surpassing the $1.0850 level. This increase comes on the back of a promising private payrolls report that exceeded market expectations. Furthermore, the EUR/USD pair managed to break through the critical 200-day SMA resistance level, suggesting a potential shift in market dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.