• EUR/USD softened on Tuesday, ending a bullish recovery attempt.
• Final EU PMIs, ECB Lagarde appearance unlikely to move the Fiber needle.
• US data focus shifts to Fed Chair Powell appearance, Friday NFP jobs print.

EUR/USD turned lower once again on Tuesday, grappling with the 1.0500 handle as Fiber flubs a bullish run at 1.0600. Several EU-centric datapoints are releasing on Wednesday, but most of the figures are final prints that are unlikely to move markets, and most investors are pivoting to face US Nonfarm Payrolls (NFP) jobs data due at the end of the week.

Pan-EU final Purchasing Managers Index (PMI) survey results for November will release early Wednesday, but the numbers are expected to stay the same. European Central Bank (ECB) President Christine Lagarde will also be making an appearance, and will testify before the Economic and Monetary Affairs Comittee before the European Parliament. Any market-moving announcements from the ECB are unlikely to materialize from the question period.

US ADP Non-Farm Employment Change numbers are due on Wednesday, and are expected to swing lower to 150K from the previous 233K. Wednesday will also bring the Services component for ISM US Purchasing Managers Index (PMI) dropping onto investors during the day’s American trading session. US Services PMI activity survey results are expected to tick down to 55.5 in November, down from the previous month’s 56.0.