EURUSD

For the EUR/USD pair, markets are in a tense wait ahead of the Fed rate decision and Powell's statements. Construction permits data from the US, and inflation data from the UK and the Eurozone are also being closely monitored. The tightening trend in the dollar index could change with the Fed's decisions. Specifically, expectations regarding a Fed rate cut and PCE inflation projections could influence the direction of the pair.

From a technical perspective, the EUR/USD pair continues to be squeezed between 1.0440 and 1.0600. When the current chart is analyzed on a daily timeframe, it is noteworthy that the pair is following a negative trend by remaining below the 233-period average. The pair is slightly up with a 0.09% increase compared to the previous day. The RSI indicator at level 46 exhibits a neutral trend. In downward movements, the 1.0480 and 1.0440 levels are monitored as support, while in upward movements, the 1.0545 and 1.0600 levels stand out as resistance. If permanence below the 1.0440 support is achieved, it should be considered that the downward movement could deepen.