EURUSD

The EUR/USD pair continues to remain under pressure as the Dollar Index gains strength. The Dollar Index trading above the 34-day average and surpassing the 233-day average increases demand for the dollar, maintaining downward pressure on the euro. In the Asian markets, while the Japanese Nikkei index is losing value, the Chinese indices are diverging positively, reflecting the varied impacts of economic policies in the region. This situation indicates the ongoing uncertainties in global markets, and investors are awaiting clearer signals regarding the Fed’s interest rate policy.

From a technical standpoint, the EUR/USD pair is testing the support level at 1.0780. Below this level, supports at 1.0735 and 1.0690 can be monitored. The RSI indicator is at the 40 level and is showing a negative trend, indicating that the weakness in the pair may continue. In upward movements, the levels of 1.0828, 1.087, and 1.0900 can be followed as resistance. The pair has shown a decline of 0.07% compared to the previous day's closing.