EURUSD

The EUR/USD pair is trying to find direction under the influence of messages from major central banks like the ECB and the Fed. This week, the US PCE inflation data and the movements in the Dollar Index will play a critical role. The movement around the 34-day average of the Dollar Index could be decisive in determining which scenario, a strong dollar or a weak euro, will develop. On the euro side, Germany’s inflation data is an important area to follow in terms of its impact on the ECB's interest rate policy.

On the chart, it can be seen that the EUR/USD pair is at a decision stage between the 1.0380 and 1.0430 levels. The current price is hovering close to the 1.038 level, showing a 0.04% decrease from the previous day. Support levels are considered at 1.038, 1.033, and 1.027, while resistance zones can be monitored at 1.043, 1.048, and 1.0545. The RSI indicator is exhibiting a neutral outlook and the market continues to show a volatile trend.