EUR/USD: Jobs strength v.s. Inflation fearEuro/US DollarFX:EURUSDXBTFXThis week on the US market was devoted to jobs data, although Friday was a non-working day due to Holiday when markets were closed. Posted JOLTs Job Openings for February reached 6.882M, which was modestly below consensus of 6,92M. Non-farm Payrolls for March reached 178K , which was highly above 50K forecasted by the market. Just for information purposes, NFP for February was standing in a negative territory of -133K. At the same time, the unemployment rate in March returned back to 4,3%, after an increase in February to 4,4%. Average hourly earnings in March were increased by 0,2% m/m and 3,5% y/y. As for other macro data posted for the US, retail sales in February were higher by 0,6% m/m above forecasted 0,3%, while on a yearly basis, retail sales were increased by 3,7%. The ISM Manufacturing PMI in March reached 52,7, in line with market consensus. The Inflation rate in Germany preliminary in March was standing at 1,1% for the month and 2,7% on a yearly basis. Figures were in line with market expectations. Retail sales in Germany in February dropped by -0,6% for the month while holding at 0,7% on a yearly basis. Figures missed market estimates of 0,2% increase in February and 1% y/y. The inflation rate in the Euro Zone flash for March was at the level of 2,5% y/y and 1,2% for the month. Posted figures were modestly below market estimates. The unemployment rate in the Euro Zone in February was modestly increased to 6,2% from 6,1% posted previously. The EUR/USD started the week around 1,1450 and moved toward the higher grounds. The highest weekly level reached was 1,1624, while the currency pair closed the week at 1,1517. The RSI once again tried to move above the level of 50, but another week it finished below this level, at 43. It seems that investors are still not ready to move toward the overbought market side. The MA50 is moving quite close to its counterpart, MA200, indicating that the potential cross might occur quite soon. Although the macro data in the US are showing some improvement, especially when it comes to the labor market, still, the fear of inflation return continues to be imminent among investors. This sentiment will last as long as the Middle East conflict is in play. For the moment, EUR/USD is holding the 1,15 support, but charts are showing some probability for the move toward the higher grounds. In this sense, levels between 1,1640 and 1,1660 could be tested again in the coming days. However, in case that demand for US Dollar increases from Monday, then there is some probability that 1,1450 could be tested for one more time. It should be also considered that the week ahead brings PCE Price Index data as well as final GDP Growth rate for Q4 and Inflation rate in March, which might bring some higher volatility back to the market. Important news to watch during the week ahead are: EUR: Factory Orders in Germany in February, Retail Sales in the Euro Zone in February, Balance of Trade in February for Germany, USD: ISM Services PMI for March, Durable Goods Orders in February, FOMC meeting minutes, PCE Price index in February, GDP Growth rate final for Q4, Inflation rate in March, University of Michigan Consumer Sentiment preliminary for April.