Market Fundamental Analysis for July 6, 2026 EURUSD
Event to watch today:
17:00 EET. USD – ISM Services PMI
EURUSD:
June data from the euro area provide a mixed but broadly supportive backdrop for the euro. The services activity index rose to 49.4 from 47.7 in May, while the composite indicator returned to growth. Inflation slowed to 2.8%, but the ECB raised interest rates in June and still has room to maintain a cautious policy stance. The improvement in business activity supports the single currency, although the weakness in the services sector has not fully disappeared.
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Trading idea: BUY 1.1435, SL 1.1405, TP 1.1525
