Following robust US jobs data, EUR/USD dipped below 1.0800 on Friday, prompting analysts at ING to assess the pair’s future trajectory. They suggest that the likely direction is toward the 1.0700 area, influenced significantly by developments on the US side of the equation.
The economic calendar in the Eurozone remains relatively light, with the market still indicating a 55% chance of an ECB rate cut in April. While there is a potential for a EUR-positive backup in short-term rates if the rate cut is removed, it remains uncertain whether this adjustment will occur during the current week.
