EUR/USD rises to 1.0858, facing resistance at the 100-day MA, influenced by US data and Eurozone PMIs.
Rising US jobless claims and trade deficit, alongside falling Treasury yields, weigh on the Dollar.
Fed's cautious stance on rate cuts due to inflation, and stronger Eurozone services PMIs, support the Euro.
The Euro posts solid gains against the US Dollar, though it faces stirring resistance at the 100-day moving average (DMA), which caps the pair's advance toward 1.0900. Weaker-than-expected US jobs market data and upbear services PMIs in the Eurozone (EU) sponsored a leg-up for the shared currency. The EUR/USD trades at 1.0858, up 0.21%.
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