EURUSD

The EURUSD pair highlights a week in global markets where the interest rate decisions of major central banks and economic data take the spotlight. Expectations regarding the monetary policy decisions of the Fed, BoE, and BoJ, along with PMI data from the Eurozone and the US, will affect the pair. Concerns about economic activity in the Eurozone and statements from ECB President Lagarde can especially shape the Euro. The slight decline in the dollar index and movements in US 10-year Treasury yields may also be decisive on the pair's direction.

Technically, the EURUSD pair is trading near the 1.0545 resistance level on the 4-hour chart, with support levels observed at 1.0480, 1.0440, and 1.0390 in downward movements. The RSI indicator is at 42, showing a slightly negative market outlook. A decline of 0.15% compared to the previous day is observed in the pair. In the short term, it is assessed that if persistence below the 1.0480 level is maintained, downward movements could deepen, otherwise a squeeze towards the 1.0600 level could continue.