EURUSD

This week, PMI, JOLTS, ADP employment, and ISM Services PMI data will be released. Strong US data may support the Fed's "hawkish" stance, strengthening the Dollar. Weak data, on the other hand, could increase expectations for Fed rate cuts, weakening the Dollar and allowing for a potential recovery in the pair. However, the weak outlook in the Eurozone may limit upward movements, maintaining its weak appearance and continuing the downward trend that has been in place since mid-September. As long as the pair remains below the 1.1600 - 1.1577 range, the possibility of a pullback towards the 1.1487 support may remain on the agenda. In particular, falling below the 1.1577 level could increase selling pressure. Conversely, if there is sustained movement above this region, a recovery toward the 1.1728 level may be observed.