• EUR catching a modest bid as broad USD tone softens with spot back above 1.14

• USD offered mainly via JPY strength, with USD/JPY pullback driving the move

• Despite the squeeze higher, topside follow-through in EUR remains unconvincing

• EUR/GBP extends lower, printing fresh 1yr lows after clean break of 200-week MA; weighs on EUR

• Macro backdrop not helping EUR with ECB leaning less hawkish alongside softer inflation prints

• Focus now shifts to U.S. payrolls as the key near-term catalyst for directional conviction
EURUSD hourly chart


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))