The EUR/USD pair began the week with a slight bearish undertone, breaking its recent three-day ascent and settling near the 1.0600 mark, a peak achieved the previous week. The financial landscape appears influenced by the ambiguous U.S. employment statistics from last Friday. Heightened geopolitical uncertainties have enhanced the allure of the U.S. Dollar, exerting pressure on the EUR/USD pair. Additionally, speculations regarding the European Central Bank’s (ECB) hesitancy towards imminent rate hikes seem to be impeding the pair’s bullish momentum. Technically, the trajectory since reaching a 17-month high in June aligns with a descending pattern, indicating a sustained bearish trend.