EURUSD

The EUR/USD pair is following a calm trajectory due to the ongoing Christmas holiday in Europe and the New Year holiday sentiment. The unemployment benefits applications data to be released from the U.S. today may create short-term effects on the direction of the pair. The limited trading volume in global markets plays a decisive role in the movements of the pair. The recent movements of the Dollar Index and positive news from China are among the factors influencing the general market sentiment.

Technically, the EUR/USD pair is facing a short-term resistance at the 1.044 level. If the pair fails to hold above this level during its rise, the support levels of 1.0385 and 1.0330 could be tested. The RSI indicator is at the 45 level on the 1-hour chart, displaying a neutral outlook. A 0.10% decline compared to the previous day is observed in the pair. In potential upward movements, monitoring the resistance levels of 1.048 and 1.0545 will be important. However, in the overall outlook, the pair may continue to remain under pressure.