EURUSD

The Euro/Dollar exchange rate is fluctuating around the pivot level of 1.17754. Looking at the candlestick formations on the chart, there seems to be a tendency to gain upward momentum. Today's U.S. employment data and service PMI figures from Europe will be critical factors determining the direction of the pair. The ECB's hawkish stance due to inflation concerns supports the Euro, while changes in expectations for Fed interest rate hikes may create volatility. From a technical perspective, if the resistance at 1.17852 is broken, an upward movement towards the 1.18157 level may be seen. For downward risks, if it remains below 1.17631, selling pressure may increase towards 1.17225.