EURUSD

The EUR/USD pair continues its upward trend following the Bank of Japan's interest rate hike decision and the subsequent weakening of the dollar index. PMI data from the US and Eurozone will be crucial in determining whether this upward movement in the pair will persist. In particular, economic data coming from the US may shape short-term expectations for the pair.

Technically, the EUR/USD pair has surpassed the 233-period exponential moving average at the 1.0430 level. If the pair remains above this level, resistance levels at 1.048 and 1.0545 can be monitored. The RSI indicator is at 57 and presents a positive outlook. The pair has increased by 0.29% compared to the previous day. In the event of possible pullbacks, 1.043, 1.038, and 1.033 support levels can be followed. If it falls below these support levels, the pair may once again enter a negative trend.