EURUSD

The EUR/USD pair depreciated after the Fed implemented the expected quarter-point rate cut and made changes to its economic projections for 2025. The Fed's cautious rate cut policy in response to rising inflation led to a strengthening of the dollar and a decline in the pair. Additionally, expectations regarding the Bank of England's interest rate decision and upcoming economic data from the US could create volatility in the markets. The rise in the dollar index increases the downward pressure on the EUR/USD.

Technically, the EUR/USD pair has retreated toward the 1.033 support level. While 1.039, 1.044, and 1.048 levels are being monitored as resistance for the pair, support points are located at 1.033, 1.0275, and 1.023. The RSI indicator is at 38 and exhibits a negative trend. The pair, which depreciated by 0.29% compared to the previous day, is likely to move within the 1.033 - 1.048 range in the short term. If it moves outside this range, the direction of the pair may be determined more clearly. The current trend observed in the chart is downward.