EURUSD

The emphasis by Fed Chairman Powell on the commitment to the 2% inflation target and his indication of "some challenges in monetary policy" is having an impact on the dollar. The ECB's signals for interest rate cuts could create pressure if the US economy improves. Technically, in upward movements, the resistance levels to watch are 1.12128, 1.12462, and 1.12749. In possible pullbacks, the support levels of 1.11553, 1.11312, and 1.11024 will gain importance. US inflation data and expectations regarding the Fed's interest rate policy will continue to be decisive for the currency pair.