EURUSD

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EURUSD

EURUSD is seeking balance around the pivot of 1.16234, with resistance levels at 1.17297, 1.16943, and 1.16556. This week, all eyes in the Eurozone will be on Thursday's ECB interest rate decision and President Lagarde's statements. While a steady policy rate of 2.15% is expected, concerns about growth and inflation are prominent in Europe. In the US, Fed Chairman Powell's speech and unemployment claims on Tuesday are noteworthy; these data may create volatility in the Dollar index. In the overall trend, supports at 1.15847, 1.15525, and 1.15170 should be closely monitored. If dovish messages come from the ECB in the short term, we may see downward pressure on the pair.

Support :

1.15847 - 1.15525 - 1.15170

Resistance :

1.16943 - 1.16556 - 1.16234