FX.co ★ EURUSD under pressure

EURUSD

The euro declined under pressure from strong U.S. labor market data.

U.S. jobless claims have remained at record lows of 190,000 for many weeks, which is below the 200,000 level.

The number of long-term unemployed is steady at 1.65 million.

Labor costs have risen above the +3% forecast, a new argument for the Federal Reserve to keep raising rates.

Expectations of a Fed rate hike are weighing on the euro - even despite the European Central Bank's promise of a rate hike on March 16.

Nevertheless, the euro's growth is not over yet - only a break of last week's low will solve the issue. Until then, let's keep buying.