EURUSD

Significant price movements are being observed in global markets. Today, the European Central Bank (ECB) interest rate decision and President Lagarde's speech, alongside tomorrow's U.S. employment data, have driven EURUSD to levels of 1.08 and GBPUSD to 1.29. The Classic Dollar Index, which broke below the 105.45 – 106.45 range discussed in the weekly bulletin, is approaching the 21-week average (102.35). During this critical period, the psychological levels of EURUSD at 1.10 and GBPUSD at 1.30 are capturing our attention.

In the EURUSD pair, the interaction of a weak Dollar and a strong Euro has pushed the exchange rate to 1.08. Technically, the 1.0640 – 1.0680 range stands out as a significant support point. A sustained position above this range could provide movement towards the levels of 1.0820, 1.0860, and 1.0900. The status of the 1.0820 level, in particular, may signal the onset of a new reaction.