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.


3 clinical-grade skincare creams you really shouldn’t buy online
Same sparkle, different story: how lab-grown diamonds are transforming the market
Ukraine’s drone strikes are having an impact on Russia — but Russian leaders remain committed to war
Meta-backed research finds exposure to ‘untrustworthy’ social media is rare. The fine print is less reassuring
‘Vibe coding’ is fun and easy, but there’s a major catch
Gold Shines on Oil Relief: Buy Dips at $4160, Targeting $4305 as Bullish EMAs Dominate 



