EURUSD
The EUR/USD pair indicates that attention in the new week is on growth, inflation, and central bank meetings. The upcoming interest rate decision by the European Central Bank and President Lagarde's statements could have a significant impact on the markets. The CPI data from the US and the potential for rate cuts by the Fed could also be decisive for the pair. The Dollar Index's (DXY) tendency to compress between 105-108 may limit movements on the EUR/USD.
Technically, as the EUR/USD pair approaches the 1.06 resistance level, 1.0545, 1.0485, and 1.0440 levels are monitored as support during downward movements. If the pair fails to surpass the 1.06 level, a pullback towards the 1.0485 support could be seen. The RSI indicator is at the 40 level, showing a negative trend. For the pair, which lost 0.28% on a daily basis, maintaining below the 1.0485 level could reveal a stronger potential for decline.
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