EURUSD

In the US, the announcement that the Core CPI has fallen for the first time in six months has strengthened expectations that the Fed could cut interest rates in the first half of the year. It is predicted that the European Central Bank may continue with interest rate cuts throughout the year. This situation could support the strong Dollar/weak Euro theme, leading to downward pressure on the pair. In the markets, data from the Eurozone and the UK will be closely monitored alongside data from the US.

Technically, the EUR/USD pair continues to trade below the 1.033 resistance level. The pair may test the 1.027 and 1.0225 support levels. If it falls below these levels, the 1.0185 level can be monitored as a new support. In upward movements, the 1.033 and 1.038 resistance levels will be followed. The RSI indicator is at the 47 level, showing a neutral outlook. The pair has recorded a 0.13% decline compared to the previous day.