EURUSD

The EURUSD pair is attracting attention as the Dollar Index maintains a positive trend, reaching the October 2023 peak of 107. It is noted that significant economic data from the US and changes in Fed's interest rate cut expectations could lead to volatility in the market. Particularly, growth data from the UK and core retail sales data from the US are the focus of the market today. Fed Chair Powell's statement that they will not rush into rate cuts is being closely watched in the markets.

Technically, the EURUSD pair is trading above the 1.0525 support. If the pair remains below this level, a decline towards the October 2023 low of 1.045 could be observed. In upward movements, resistance levels at 1.056 and 1.0595 are being monitored. The RSI indicator is at 35, indicating a negative outlook. This suggests that the downward pressure on the pair may continue. The pair has recorded a 0.11% decrease compared to the previous day.