Anna 
The Euro continues to maintain levels above 1.06, though it has restrained its upward momentum from yesterday when it briefly broke through the 1.0650 mark.
Thursday’s market performance unfolded as expected, with the Euro briefly surging towards the 1.07 level but ultimately reverting to the logical position of 1.06.
Market expectations for crucial US employment data today have limited significant bets, and the next major shift may materialize during the midday session.
Despite ongoing geopolitical uncertainties, with no major escalations in recent days, the improved international stock markets have undoubtedly bolstered the Euro.
Yesterday’s economic agenda brought no significant surprises, as Germany’s unemployment rate remained within the estimated range, and the US job data showed a slight deterioration as initial jobless claims rose last week, temporarily weighing on the US Dollar and supporting a modest Euro uptick to the 1.0670 level.
Recent market behavior reaffirms the view that the market environment remains uncertain, with the Euro still trading within the 1.05-1.07 range, awaiting fresh data for a clear direction.
Perhaps today’s release of US employment data will act as a catalyst, potentially intensifying volatility and breaking through some key levels if unexpected outcomes occur.
Given this pivotal announcement, it’s advisable for the market to remain cautious, but the fundamental strategy of buying the Euro following sharp dips still holds firm.
