eFXdata reports that Danske Research discusses EUR/USD outlook ahead of U.S. jobs report of Friday.

"As we have seen time and time again, getting past an event can by itself be a catalyst for risk-on and Powell's speech at Jackson Hole proved little different. In line with our expectation, Powell was slightly to the dovish side and EUR/USD rallied a tad but tapering is a 'done deal' at some point during this year. This week, focus will thus turn to US payrolls." 

"The unlikely scenario is a weak number (below 200k, say) which postpones expectations to tapering into Q1 22 and rallies EUR/USD towards 1.20 but we see such as unlikely. Rather, we expect US jobs continue being decent and for dollar to strengthen further over coming quarters."