EURUSD

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EURUSD

The parity found support from the weakening of the Dollar due to the ADP data from the US, which indicated an unexpected contraction in employment; however, the strong ISM services data limited these gains. After these conflicting signals regarding the direction of the US economy, the markets are focusing on today's weekly Jobless Claims data. A figure above expectations (220K) could create a new wave of pressure on the Dollar by confirming yesterday's weak employment data.