EURUSD

The currency pair has turned downward following Fed Chairman Powell's hawkish statements yesterday, and today it is fully focused on the employment and services sector activity data coming from the U.S. The ADP Non-Farm Employment report, which is a leading indicator, falling significantly below expectations before Friday's official employment report, may confirm the cooling in the labor market, putting pressure on the Dollar and providing some relief for the currency pair. However, strong data will ensure the continuation of the current positive trend in the Dollar.