​​Euro/Usd Forecast The EUR/USD pair recovered ground in the | Sikho Trading

​​Euro/Usd Forecast

The EUR/USD pair recovered ground in the last trading session of the week, closing it around the 1.2050 threshold. The American currency appreciated throughout the week, amid hopes for a large stimulus package coming under the new administration. 

On Friday, the country released a tepid employment report, providing speculative interest with a reason to take some profits out of the table. According to the Nonfarm Payrolls report, the country added 49K new jobs in January, while the December figure was downwardly revised to -227K. The unemployment rate improved from 6.7% to 6.3%, while the participation rate came down to 61.4%.

Optimism remained intact, as Wall Street closed in the green, while US Treasury yields held near almost one-year highs.