EURUSD

The currency pair has been fluctuating with mixed signals from the US since the beginning of the week. The strong ADP and ISM services data released yesterday supported the Dollar while increasing the pressure on the currency pair. Today, there is no significant data flow from the Eurozone, and the direction of the pair will be determined entirely by global risk appetite and the indirect effects of the Bank of England (BoE) decision, which will be announced at 3:00 PM. The strong Dollar theme continues to limit the upward movements of the currency pair.