EURUSD

In the new week, global markets are focused on the decisions to be made by the Fed. Other important meetings, such as those of the BoJ, BoE, and SNB, should not be overlooked. In particular, the forward-looking hints from central banks will play a crucial role in determining the value of local currencies against the US Dollar. Data from the US on Retail Sales, Germany's ZEW Economic Sentiment, Canada's CPI, and interest rates from China are also among the elements to be monitored.

The Dollar Index has been experiencing a volatile trend lately, leading to a struggle among short- and medium-term investors. Ahead of the Fed's decisions on March 19, the impact of these developments on the index is significant for evaluating the second quarter of the year. The 1.0760 level stands out as a critical support point for the EURUSD pair. If it can stay above this level, the pair may aim for the 1.0920, 1.0970, and 1.1015 levels.