EURUSD

The EUR/USD pair is influenced by significant economic data such as ECB President Lagarde's speech, Germany's IFO Business Climate Index, and new home sales in the USA. US growth and PCE inflation data, which could impact the Fed's interest rate policy, stand out as the focus of this week. Globally, uncertainties regarding central banks' monetary policies and fiscal policy developments in the USA continue to affect the pair. In the short term, while the dollar index is moving below the 34-day average, this situation may lead to reactionary sales on the EUR/USD.

Looking at the chart, the EUR/USD pair is trading at 1.04646, having recorded a 0.3% decline compared to the previous day. On the daily timeframe, the pair may find support at 1.043 and 1.038 levels, while upward movements observe resistance levels at 1.048, 1.0545, and 1.0605. The RSI indicator is at 45, indicating a neutral outlook. The direction of the pair will be shaped by its movements at the identified support and resistance points. Specifically, the 1.048 resistance level may play a critical role.