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fxJul 3, 2026, 11:43 AM

EUR/USD Stalls Below 1.1475 Despite US Dollar Weakness

The Euro trades higher for a second day after disappointing US jobs data, but the pair struggles to break resistance at 1.1475.

EURUSD

The Euro extended its gains for a second consecutive session on Friday, supported by a weaker US Dollar following the disappointing US Nonfarm Payrolls (NFP) report released on Thursday. However, the EUR/USD pair continues to face strong resistance near the 1.1475 level, stalling any further upside momentum.

Traders are closely watching whether the pair can overcome this barrier. A sustained break above 1.1475 could open the door for additional gains, while failure may lead to a pullback. The near-term outlook remains hinged on dollar sentiment and upcoming economic data.

Source: FXStreet Forex News