Posted 1/19/2024, 8:48:10 AM
Strong US jobs data lifts dollar, but euro shows resilience around key level
- U.S. job market remains strong, boosting the dollar, but euro has shown resilience around the 1.0840 support level
- U.S. University of Michigan Consumer Sentiment data today could give further direction to EUR/USD pair
- Euro still has potential to react back above 1.09 level despite dollar's positive momentum
- Level near 1.07 could be good opportunity to buy euro after missing prior opportunities
- FX trading carries high risk due to leverage; losses can exceed initial investment so caution is warranted