EURUSD

The EUR/USD pair is showing limited response buying as the Dollar Index continues to stay above its 34-day average. Upcoming unemployment claims data from the U.S. and President Trump's speeches at the World Economic Forum could guide the markets. The strength of the Dollar Index is preventing the pair's upward movements, presenting a negative outlook. This situation indicates that this period should be closely monitored before the upcoming ECB and Fed meetings in the following days.

From a technical perspective, the EUR/USD pair remains under pressure, staying below the 1.0430 resistance level. The pair's current low trend is showing a squeeze between the 233-period exponential moving average (1.0430) and the 55-period average located in the 1.0330 – 1.0350 range. The RSI indicator is at the 46 level, presenting a neutral market outlook. Compared to the previous day, the pair recorded a 0.02% decline. For downward movements in the pair, the 1.038, 1.033, and 1.027 support levels are important, while the 1.043, 1.048, and 1.0545 resistance levels should be watched for upward movements.