While weaker Euro is leading to slide in Euro/Dollar exchange rate, and hawkish commentaries from Yellen helped to push it down, next move for the pair actually lies with Non-farm payroll report to be released on Friday at 13:30 GMT.
Though Euro/Dollar exchange rate is more likely to slide down thanks to greater expectation of further action from European Central Bank (ECB). However if the current falling channel holds, with weaker than expected non-farm pay roll data could led to the test of channel resistance which will lead the pair to move another 80-90 points higher from current 1.087.
The move is also conceivable as the pair is showing some rebound from 1.08 resistance area.
Though Euro is more likely to slide against Dollar than not, there could be greater volatility ahead given the extreme once sided sentiment in the pair.
Euro is currently trading at 1.086 against Dollar.


Morgan Stanley Warns Against Overestimating EV Demand Boost from Rising Oil Prices
Iran’s AI memes are reaching people who don’t follow the news – and winning the propaganda war
Crypto tolls in the Strait of Hormuz shows why bitcoin thrives in times of crisis
Strait of Hormuz: why even neutral and distant countries like Switzerland can’t escape the fallout
Trump’s exchange with Pope Leo reflects deep-rooted tensions between the Vatican and the United States: 4 essential reads
Want to cut your energy bills? Here’s how five experts are doing it
Uranium Bull Market Gains Momentum Amid Supply Deficits and Geopolitical Tensions
Google promotes ‘teacher approved’ apps for kids. Here’s what parents should know
NVIDIA Acquisition Rumors Dismissed by Morgan Stanley as Strategically Flawed
Energy Price Spike Won't Trigger Lasting Inflation, Analysts Say 



