EURUSD

On Thursday, the European Central Bank's (ECB) interest rate decision and President Lagarde's speech led to significant reversals in DXY, EURUSD, and GBPUSD pairs ahead of the US employment data on Friday. After starting the week with a negative performance, we will monitor the effects of the week's critical developments to understand whether the pricing reactions in these pairs pose risks to the overall trend conditions.

The optimism continuing above the 233-day exponential moving average (105.25) stands out, especially given the pressure on the Classic Dollar Index during its first trading day and its movement below the 34-day average (107.25). The competition between short-term sellers and medium-term buyers will influence the pricing behavior of DXY in light of the outcomes from the macro developments on Thursday and Friday.