EURUSD

The narrowing movement range of the classic Dollar index is causing the EURUSD and GBPUSD pairs to follow a calm trend. This week, important data such as growth, employment, inflation, and central bank decisions are expected to impact the market until March 20. As the new week begins with a data-heavy schedule, Fed officials Barkin and Bostic's speeches, along with New Home Sales figures, can be monitored today.

When technically assessing the EURUSD pair, the 55 and 233-period moving averages support the rise at the 1.0200 level. The 1.0425 – 1.0470 range stands out as an area where the main trend is positive. However, sustaining above this level will be confirmed by breaking above 1.0535. Otherwise, a consolidation pattern may emerge in the pair. For the continuation of the short-term positive trend, sustained movements below the averages are needed; otherwise, the 1.0175 low may come back into focus.