EURUSD

The movement of the EURUSD pair has focused on the economic indicators to be announced from the United States for the remainder of the week. It is anticipated that the data on unemployment claims and existing home sales will have a decisive impact on the performance of the US dollar. If the data does not meet expectations, the anticipation that the Federal Reserve will halt interest rate hikes may strengthen, which could create pressure on the dollar and cause the EURUSD pair to move upward. However, the main direction of the pair will gain clarity with the announcement of the US consumer price index (CPI) and purchasing managers' index (PMI) data tomorrow. In particular, a result above the annual CPI expectation may lead to an appreciation of the dollar, creating selling pressure on the pair.