EURUSD

Global markets are experiencing a busy week with significant economic data releases, such as the meetings of the US Federal Reserve (Fed) and the European Central Bank (ECB). The Fed is not expected to change interest rates at this meeting, but Fed Chair Powell's statements and clues about the general outlook of the US economy are eagerly awaited. Additionally, the PCE inflation data to be released on Friday could play a critical role in terms of inflation expectations. These developments may affect the movements of the EURUSD pair and increase volatility.

From a technical standpoint, the EURUSD pair is trading at the 1.0440 level, noting a slight increase of 0.09%. For the pair, levels of 1.043, 1.038, and 1.033 are observed as support, while levels of 1.048, 1.0545, and 1.0605 are significant as resistance. The RSI indicator is currently at the 50 level, showing a neutral outlook. The pair is currently at a decision point and may be in a short-term search for direction due to its proximity to support and resistance levels.