fxstreet.com 05 Feb, 2021 09:45 am

Downtrend set to continue but sky-high NFP expectations may lead to a bounce

Downtrend set to continue but sky-high NFP expectations may lead to a bounce
EUR/USD dropped below 1.20 on Thursday and has failed to recapture that level. On Friday, the US dollar may suffer a setback if Nonfarm Payrolls figur

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.However, the Relative Strength Index is just at 30, signaling oversold conditions.

1950, and it is followed by 1.On Friday, the US dollar may suffer a setback if Nonfarm Payrolls figures fall short of elevated estimates, Yohay Elam, an Analyst at FXStreet, reports.

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