EURUSD gave up some ground on Thursday after a sharp rally from a one-and-a-half-month low of 1.0723 to a two-week high of 1.0875. The US nonfarm payrolls report is on the agenda today and investors will look at whether jobs growth slowed down to 212k and wage growth eased to 4.1% y/y as forecasts suggest. The pair might receive some assistance if there are indications of a weakening US labor market, and the near-term technical outlook cannot exclude a shift to a recovery phase. Both the RSI and the MACD are sloping to the downside, but the former is still above its 50 neutral mark and the latter has yet to cross ... (full story)