Market Analysis Summary - January 9, 2026

The article discusses the current state of the foreign exchange market, particularly focusing on the US dollar's performance following the latest jobs report. The report indicated that the US added 50,000 jobs last month, falling short of the expected 65,000, which has led to increased volatility in the currency markets.

EUR/USD Analysis

The Euro has experienced a slight decline but showed signs of recovery after the jobs report. Analysts suggest that the market is likely to remain in a consolidation phase. The key resistance level is identified at 1.18, while the 200-day Exponential Moving Average (EMA) at 1.15 serves as a significant support level.

GBP/USD Analysis

The British pound also saw an initial dip but is expected to attempt a recovery towards the 1.35 level, potentially reaching 1.3550. The jobs report's impact is viewed as minimal, with the employment miss being considered a minor deviation in the broader context of the US economy.

EUR/GBP Analysis

In the EUR/GBP pair, the Euro initially attempted to strengthen against the British pound but has since rolled over. Analysts predict a test of the 200-day EMA, with a critical support level at 0.86. A breach below this level could lead to significant downward movement, while the 0.87 level is expected to act as resistance.

Conclusion

Overall, the article emphasizes the ongoing consolidation in the forex market, driven by mixed employment data and the broader economic context. Traders are advised to monitor key levels for potential trading opportunities as the market navigates through this period of uncertainty.