EUR/USD Retreats After US Job Data Surprise

The EUR/USD pair has retreated after a strong rally, as the US Dollar gained strength following the release of better-than-expected US Jobless Claims data.

Key Factors:

US Jobless Claims: The lower-than-expected Jobless Claims data has boosted the US Dollar and reduced expectations for aggressive Federal Reserve rate cuts.
Eurozone Economy: While the Eurozone economy has shown signs of resilience, concerns about the potential impact of geopolitical tensions and a global economic slowdown remain.
Central Bank Policies: The divergence in monetary policies between the Federal Reserve and the European Central Bank continues to influence the EUR/USD exchange rate.

Technical Analysis:

Resistance Levels: The 1.0900 level is a key resistance level for the pair.
Support Levels: The 1.0760 and 1.0750 levels are potential support levels.

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