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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The EUR/USD pair tumbled to 1.1520, marking its lowest level since April, driven by a significant surge in the US Dollar. According to reports, the US economy added 172,000 jobs in May 2026, vastly outperforming market expectations of 85,000. This robust labor market data propelled the Greenback to end last week with gains exceeding 1%, as the Euro failed to maintain its footing against the fundamental shift.
This decline highlights the growing monetary divergence favoring the US Dollar, as strong employment figures bolster the Fed's hawkish outlook. In comparison to major peers, the British Pound GBP faced similar downward pressure, while German Retail Sales previously contracted by 0.3% in June 2026 per market data, further weighing on the single currency's sentiment relative to the resilient US economy.
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Sign InTraders are now focused on the pair's stability around the 1.1520 level (close June 8, 2026) following the decisive breach of the 1.1600 support zone. Looking ahead at the economic calendar, key catalysts include the upcoming EU Unemployment Rate, forecasted at 6.2%, and the US ISM Manufacturing PMI, both of which will be critical in determining if the current bearish momentum will extend toward new lows.