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Waiting on US services PMI

I am watching the upcoming US services and composite PMI releases. My bias is for USD strength if the data surprises to the upside, but I will wait for confirmation before acting.

Lena Brandt·Jul 8, 2026·1 min read

US services PMI and employment data are due within minutes. These releases often set the tone for the dollar into the session. I am positioning carefully, with a lean toward USD strength if the numbers beat expectations.

If the data comes in hot, I would consider selling EUR/USD on the reaction. But the key is to wait for the actual print and market response before committing. No point chasing a move that could reverse quickly.

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