EURUSD

The EUR/USD pair is drawing attention as inflation data from the US aligns with expectations, leading to increased anticipation of a Fed rate cut. Expectations for the Fed meeting have made a rate cut seem certain. Similarly, the decision by the European Central Bank to cut rates is being priced in by the markets, but the messages from President Lagarde are being closely monitored. These monetary policy expectations in the US and Europe continue to have significant impacts on the pair.

Technically, the EUR/USD pair is trading near the 1.0600 resistance level. On the daily chart, the pair's inability to surpass the 1.0535 resistance indicates that the upward momentum is limited. On downward movements, the levels of 1.0485, 1.0440, and 1.0390 are being watched as support. The RSI indicator is at 50 and shows a neutral outlook. The pair is showing a negative change of approximately 0.11% compared to the previous day. The overall outlook could continue its negative trend as long as it remains below the 233-period average.