Stefan Mellin, chief analyst of foreign exchange strategy at Danske Bank, said the euro could rise against the dollar if the U.S. non-farm payrolls weakened in February. "If our expectation of a weaker U.S. labor market holds up, i.e., nonfarm payrolls at 180,000 and average hourly earnings rising 0.2% month-on-month, we could see further gains in Europe and the U.S. in the near term," he said. Analysts polled by the Wall Street Journal expected nonfarm payrolls to rise by 198,000 in February, compared with an increase of 353,000 in January.