As the issue of the tariff war begins to subside, the market's focus towards the end of this week shifts to the US (US) NFP employment data report for January.
The employment report, which is also the focus of the Federal Reserve (Fed), will be published in the New York session tonight at 9.30 pm local time.
The picture for the direction of the Fed's monetary policy will also drive the movement of the US dollar.
The price direction will be determined for trading next week, but investors will be wary of the significant impact of the price on the movement when the report is published.
The EUR/USD currency pair chart will be observed as the movement on Thursday began to slow down and was gloomy, hovering in a range of around 50 pips.
The price has shown a decline in the Asian session yesterday from the 1.04000 level to around 1.03500 before bouncing slightly in the New York session.
The price was flat at the opening of the Asian session (Friday) below the 1.04000 zone and was seen testing the Moving Average 50 (MA50) resistance line on the 1-hour timeframe of the EUR/USD chart.
If a lower decline occurs, the price is expected to head towards around 1.03000 before testing the important zone.
A lower decline will shift the price target to the January support zone at 1.02000.
On the other hand, if the price manages to make a rise above the 1.04000 level again, the potential is better for the price to go higher.
The target is to head towards the resistance zone at 1.05000 as tested in the January trade.
