After yesterday's take profit, the EUR/USD pair could potentially experience a new bearish impulse today following the release of upcoming news. If the USD/JPY pair exhibits a bullish impulse as expected, it could further support the bearish sentiment for EUR/USD, leading to a continuation of the downward movement.
The economic releases of the ADP Non-Farm Employment Change and Unemployment Claims data might serve as catalysts for pushing the price lower. These reports provide insights into the employment situation in the United States, which can significantly impact the currency market. A negative outcome or weaker-than-expected figures could potentially weigh on the US dollar, contributing to the bearish setup for EUR/USD.
Considering these factors, traders and investors are currently looking for a bearish setup, anticipating that the economic releases will provide a conducive environment for the downward momentum in EUR/USD to persist.
The economic releases of the ADP Non-Farm Employment Change and Unemployment Claims data might serve as catalysts for pushing the price lower. These reports provide insights into the employment situation in the United States, which can significantly impact the currency market. A negative outcome or weaker-than-expected figures could potentially weigh on the US dollar, contributing to the bearish setup for EUR/USD.
Considering these factors, traders and investors are currently looking for a bearish setup, anticipating that the economic releases will provide a conducive environment for the downward momentum in EUR/USD to persist.
