EURUSD

With the narrowing movement range of the Classic Dollar Index, the EURUSD and GBPUSD pairs are following a calm course. The flow of significant data, such as growth, employment, inflation, and central bank decisions, until March 20, will significantly impact asset prices. As the new week begins with an increase in data intensity, it is recommended to also monitor the speeches of Barkin and Bostic from the Fed, along with New Home Sales.

The technical analysis of the EURUSD pair shows that the rises supported by the 55 and 233-period moving averages began at the 1.0200 level. If a sustained position is maintained above the 1.0425 – 1.0470 region, the main trend may continue to follow a positive course. However, if persistent movements occur below this level, the recent compression pattern may come to the forefront. With the intensity of macro data, it is crucial for the pair to remain above the averages to sustain its short-term positive trend.