US Dollar strengthens due to positive NFP report and reduced Fed rate cut expectations. Geopolitical tensions and mixed Eurozone data create uncertainty. Investors focus on upcoming CPI report.
On the upside, there is a provisional hurdle at the 55-day SMA at 1.1032, prior to the 2024 top of 1.1214 (September 25), followed by the 2023 peak of 1.1275 (July 18) and the 1.1300 round level.
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