EURUSD

Due to the lack of significant data flow in the Eurozone, the direction of the parity will be entirely dependent on macroeconomic data from the United States. The PMI and employment data to be released throughout the week will determine the trajectory of the Dollar Index. Strong U.S. data that exceeds expectations has the potential to create selling pressure on the parity by increasing expectations that the Fed will maintain its hawkish stance. The parity, which is trading close to the level of 1.1489, has resistance at 1.1503 and support at 1.1452.