Nonfarm Payrolls data and U.S. labor statistics have a strong impact on the USD and EURUSD trend. If the data is unfavorable, EURUSD may see a price increase.
On the chart, EURUSD is fluctuating around 1.11077 after reaching resistance near 1.11500.
The EMA 34 and EMA 89 are supporting the short-term upward trend, indicating that the price may continue to rise after the current adjustment.
EURUSD could make a slight correction to 1.10760 before rising again. If support holds and economic news is favorable, the next target is 1.11389.
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