EURUSD

While general optimism continues above the 233-day exponential moving average (105.20), the Classic Dollar Index, trading below the 34-day average (107.40), keeps the short-term reaction concept in focus. As we reach the last trading day of the week, the impact of the reactive process on the index and currency pairs is a topic of interest. Today's PMI data for the services and manufacturing sectors from France, Germany, the Eurozone, the UK, and the US should be closely monitored as they carry significant signals regarding growth dynamics.

When examining the EURUSD pair, the dip work at the 1.0400 level and the upward trend limit represented by the pressure starting from the 1.0513 peak, particularly the area above 1.0425 - 1.0435, is noteworthy. There is a positive expectation for the pair in this region. Movements towards the levels of 1.0513, 1.0542, and 1.0570 can be observed. In the reaction process, the 1.0400 – 1.0425 area serves as a strong support, and sustained movements below this zone could invalidate our current scenario.