EUR/USD, USD/CAD and USD/CHF Face Key Dollar Tests
EUR/USD, USD/CAD, and USD/CHF pairs are expected to face key dollar tests in the upcoming US session. The euro has been showing negative sentiment in the early part of the trading day, but analysts believe a recovery may be on the horizon. They are monitoring the 1.16 level as a potential barrier for the euro. Despite this, the US dollar continues to outperform against other currencies, including the Canadian dollar and the Swiss franc.
Analysts are watching the 1.3910 level for a possible bounce in the EUR/USD pair and 0.8120 and 0.81 levels for USD/CHF. They also note that the trade war between the US and other countries remains a significant factor, along with the upcoming release of jobs data from both nations on Friday.
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