At the beginning of the week, EUR/USD showed a decline within the intended narrow range. The political crisis in France continues to weigh on the euro, which was the weakest G10 currency in November and started December with a 0.7% drop overnight. Markets await U.S. jobs data on Friday to refine forecasts on whether the Federal Reserve will cut rates later this month - at this point the probability is seen as even. Jobs data is expected later on Tuesday. The area around the 1.0450 mark could act as support.