EURUSD

We are at the end of a trading week, awaiting decisions from four major central banks (Fed, BoE, BoJ, and SNB). During this process, the US Dollar is showing a tendency to strengthen against the Euro and Pound, leading to pullbacks in the currency pairs. Whether this pullback will turn into a rally will depend on the outcomes of macroeconomic data and the messages from central bank officials.

The classic Dollar Index is witnessing a struggle between short-term sellers and medium-term buyers, characterized by volatility. For medium-term buyers, we need to analyze pricing behavior outside the 200-week average (102.35), while for short-term sellers, the focus is on the 34 and 233-day averages (105.10). Recent developments may provide important insights regarding potential pressure or an ongoing positive rally in the EURUSD and GBPUSD pairs.