EURUSD

While price reactions are not observed below 106, the partial recovery shown this week has limited the movement of the EURUSD and GBPUSD pairs. In particular, increased volatility is expected for the Classic Dollar Index until March 20. Among today's significant developments are the speeches of Fed officials and economic data from the U.S.

The Classic Dollar Index demonstrates overall optimism above the 233-day exponential moving average (105.23) but continues to remain below the 34-day average (107.20). In the EURUSD pair, the recovery in DXY puts pressure on the pair, questioning the short-term trend outlook. If it can stay above the 1.0428 – 1.0470 range, a short-term positive trend may continue. Otherwise, trend uncertainties may come to the forefront.