EUR/USD Review, March 7-11, 2022
07 марта 2022
The currency pair plunged last week due to geopolitical instability as well as US labor market data. We recall that the number of new jobs increased by 678K and the unemployment level decreased to 3.8%.
We expect the currency pair to develop its downtrend, targeting 1.0792. This scenario will be canceled if the EUR/USD starts a correction towards the descending trend line.
