EURUSD

This week, due to the lack of significant macroeconomic data flow in the Eurozone, the performance of the pair will be entirely dependent on the data released from the US and the trend of the Dollar Index. Investors will focus on manufacturing (PMI) on Monday, employment (JOLTS) on Tuesday, and ADP with services (ISM) data to be released on Wednesday. Better-than-expected data indicating the strength of the US economy could support the Dollar by reinforcing expectations that the Federal Reserve (Fed) will maintain its tight monetary policy stance, potentially creating selling pressure on the pair. In a reverse scenario, a weakening observed in economic activity and the labor market could trigger upward movements in the pair.