EURUSD

While the EUR/USD continues its technical consolidation between the support of 1.1610 and the resistance of 1.0967, the fundamental factors will be the U.S. labor market data and global risk perception. The U.S. JOLTS data to be released today at 17:00 (expectation: 7.38M) will shed light on labor market dynamics, while the CPI data from Turkey may have an indirect effect on emerging market currencies. If JOLTS falls below expectations, the Fed's soft policy expectations may increase, and the resistance at 1.1722 could be tested. Conversely, strong data would lead to a strengthening of the dollar, making the support at 1.1590 critically important.