According to the US weekly unemployment report, applications for benefits already totaled to 1.88 million. While long-term unemployment remained at 21.5 million.
These factors have sparked stabilization as the US labor market seemed to have bottomed out.
Meanwhile, the ECB has allocated another 1.3 trillion euros to support markets and the eurozone economy.
EURUSD:
The pair attempts to grow as well as update yesterday's maximum.
However, for large buyers, the price's position is still unattractive, thus a strong pullback is needed.
You may consider purchases in case of a rollback from 1.1100 and below.