EURUSD

The Classic Dollar Index limits the movement range, causing the EURUSD and GBPUSD pairs to follow a calm trend. We are in a busy period until March 20, where significant developments such as growth, employment, inflation, and central bank decisions could impact the market. Therefore, an increase in data flow is expected with the new week. Today's focus will be on the speeches of Fed officials Barkin and Bostic, along with the New Home Sales data.

When technically analyzing the EURUSD pair, it is observed that the rise starting from the 1.0200 level is supported by the 55 and 233-period moving averages. In this context, as long as it remains above the 1.0425 – 1.0470 region, the main trend can stay positive. However, if it does not maintain levels above 1.0535, the pair may continue to exhibit a consolidation appearance. It should be noted that for the short-term positive trend to continue, there must be sustained movements below the averages.