EURUSD

We are leaving behind a week filled with messages from critical central banks and the first month of the year. Following yesterday's ECB announcements and US GDP data, today the Fed's PCE (Personal Consumption Expenditures) inflation indicator will be monitored. Although the classic Dollar Index is positioned above the 233-day average (104.80), which presents a medium-term positive outlook, the volatility around the 34-day average (107.73) draws attention in the short term. Under the influence of a strong Dollar and a weak Euro with Sterling themes, the short-term indicators of the index play a decisive role.

Looking at the EURUSD parity, the 1.0380 - 1.0430 range, where the 55 and 233-period averages are located, is at a critical decision stage. During a period when the Dollar Index is also in the decision-making process, movements in this range could have significant effects on the future of the parity. Just like in the DXY, the pricing behaviors of the averages in EURUSD should be closely monitored, and the direction it will take at this stage remains a topic of curiosity. The important levels for the day are set at 1.0380 and 1.0430.