EURUSD

We are leaving behind a week where the messages of critical central banks stood out. Following yesterday's ECB and US GDP data, today the Fed's PCE (Personal Consumption Expenditures) inflation indicator will be closely monitored. While the classic Dollar Index has a medium-term positive outlook above the 233-day average (104.80), it is drawing attention with movements around the short-term 34-day average (107.73). The question of whether the Dollar will remain strong while the Euro and Sterling stay weak is on the agenda. Therefore, the relationship of the index with the short-term indicator is of great importance.

When we examine the EURUSD pair, the range between 1.0380 and 1.0430, where the 55 and 233-period averages lie, represents a critical level. The pair is at a decision stage within this region. During this period of uncertainty for the Dollar Index, it remains to be seen whether EURUSD can hold above this critical level or fall below it, entering a negative trend. Price behavior in EURUSD should be carefully monitored, just like in DXY. Key levels: 1.0380 and 1.0430.