EUR/USD Weekly Forecast: At Risk of a Steeper Crash After Strong NFP – 05 April 2026
EUR/USD retreats as strong US labor data shifts rate expectations. Technical signals point to growing downside pressure.

EUR/USD retreats as strong US labor data shifts rate expectations. Technical signals point to growing downside pressure.
WTI crude reflects rising geopolitical risk and supply concerns. Price action shows strong momentum with signs of technical pressure.
Markets remain sensitive to interest rates and geopolitical risk. Gold, euro and bitcoin reflect a fragile balance between sentiment and macro drivers.
Looking at the weekly chart, the US Dollar (USD) has traded in a choppier, more volatile fashion, struggling to build on the strong gains seen the previous week.
The EUR/USD pair finished a second consecutive week a handful of pips above the 1.1500 level, seesawing between gains and losses in line with United States (US) President Donald Trump’s rhetoric on the Middle East war.
Another bearish week for the British Pound led to the second consecutive weekly retracement for GBP/USD, which was primarily driven by geopolitical concerns rather than domestic issues, while market participants currently do not expect the Bank of England (BoE) to resume interest rate cuts this year