The EUR/USD pair is facing a decline below key technical levels as the US Nonfarm Payrolls (NFP) report looms ahead. Traders are closely watching the market dynamics as the pair cycles familiar levels and awaits the impact of the upcoming NFP jobs data on its movement.
Despite current levels, the Euro is poised for a potential breakout in August, with technical forecasts indicating a possible shift in the EUR/USD trend. As traders brace for the NFP report, market analysts are closely monitoring the pair’s behavior and anticipating a significant move in the coming weeks.
The EUR/USD price forecast for July 30, 2024, highlights the ongoing volatility and uncertainty surrounding the pair. A bearish trend awaits a crucial week ahead, with market participants on alert for any potential developments that could impact the Euro against the US Dollar.
