EURUSD: BUY 1.1815, SL 1.1740, TP 1.1900 | 04 Julio 2025

Event to pay attention to today:

03.07 15:30 EET. USD - Non-Farm Employment Change

03.07 15:30 EET. USD - Unemployment Rate

03.07 15:30 EET. USD - Unemployment Claims

03.07 17:00 EET. USD - ISM Services PMI

EURUSD:

EUR/USD remains subdued for the second consecutive session, trading near 1.1800 during Asian hours on Thursday.

The US employment change from ADP in June fell for the first time in more than two years. Private sector employment fell by 33,000 in June after a downwardly revised increase of 29,000 in May. The figure was below the market consensus of 95,000.

Traders await long-awaited labor market data, including U.S. Non-Farm Payrolls (NFP) and Average Hourly Earnings, due out later in the day. In addition, Thursday's focus will be on the ISM PMI and S&P Global US PMI.

ECB policymaker Pierre Wunsch said on Wednesday that “I am not uncomfortable with the market's interest rate expectations”. “There are arguments in favor of a soft supportive policy stance,” Wunsch added. Meanwhile, ECB member Olli Rehn said, “The ECB should be mindful of the risk of inflation remaining below the 2% target.” Rehn noted that “joint European borrowing to finance defense could strengthen the role of the euro by creating a new safe-haven asset.”

Trade recommendation: BUY 1.1815, SL 1.1740, TP 1.1900

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