Market Fundamental Analysis for August 7, 2026 EURUSD
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The euro remains constrained by an uneven economic outlook. Higher Eurozone inflation supports expectations of tighter ECB policy, but weaker Italian industrial production limits confidence in the region’s recovery.
Today’s main driver is the US labor market report. The market expects stronger job growth, while unemployment is forecast at 4.2%. Ahead of the release, persistent inflation and the Fed’s data-dependent stance support the dollar.
Unless US employment data is significantly weaker than expected, the dollar may retain the advantage. The baseline scenario favors a moderate decline in EURUSD.
Trading idea: SELL 1.1525, SL 1.1555, TP 1.1455
