EURUSD

The EUR/USD pair is being closely monitored ahead of the core PCE data, which is the Fed's preferred inflation indicator. The Fed's upward revisions in PCE inflation and the slowdown in rate cuts had previously put pressure on the dollar. The PCE data to be released today could play a significant role in the trajectory of the dollar index and currency pairs. These critical developments in global markets are drawing the attention of market players and putting pressure on the European currency.

Technically, the EUR/USD pair is trading near the 1.033 support level. In upward movements, the 1.039 and 1.044 levels can be monitored as resistance, while below 1.033, the 1.028 and 1.023 levels are followed as support. The RSI indicator is at the 40 level and shows a negative outlook, indicating that the selling pressure could continue. The pair has shown a slight decrease of 0.02% compared to the previous day.