EURUSD

The EURUSD pair is moving around the pivot level of 1.16760. Yesterday, Powell's focus on strengthening the capital structures of major banks at the Washington Economic Club and his lack of clear signals regarding the economy did not lead to a significant directional change in the pair. Today, how the Second Hand Home Sales data, expected at 4.01M, will come out from the US is important. As long as it stays above the pivot, movements towards the resistances of 1.17474, 1.17871, and 1.18427 can be seen. A cautious trend may prevail ahead of tomorrow's ECB meeting. On the downside, support levels of 1.16363, 1.15649, and 1.15094 will be monitored.