EURUSD

The EUR/USD pair is experiencing fluctuations due to anticipated announcements regarding central banks' monetary policies and developments ahead of U.S. employment data. Particularly, data such as Germany's Manufacturing PMI and U.S. ISM Manufacturing PMI could be decisive for the exchange rate. The rise of the dollar index puts pressure on the pair and negatively affects the value of the Euro. The economic data to be released this week and messages from central bank officials could be critical for the direction of the pair.

From a technical perspective, the EUR/USD pair is trading below the 1.0545 resistance level on the daily chart, and as long as it remains below this level, the negative outlook may continue. If the pair falls below the 1.0495 support, it may increase the likelihood of a pullback towards the 1.0445 and 1.039 levels. In upward movements, the resistance levels to watch are 1.06 and 1.064. The RSI indicator is at the 40 level, showing a negative trend. The pair has experienced a 0.54% decline compared to the previous day.