EURUSD

The EUR/USD pair is moving with low trading volume due to the Thanksgiving holiday in the United States. U.S. economic data, particularly growth and PCE inflation figures, were the focus of the markets. U.S. growth came in at 2.8% as the second reading, aligned with expectations. Inflation data also came in parallel to market expectations, while uncertainty about whether the Fed will opt for a rate cut in its December meeting remains. This situation is putting pressure on the dollar's value and providing partial support to the EUR/USD pair.

Technically, the EUR/USD pair is supported by reaction purchases above the 34 and 55-period moving averages in the 1.0518 – 1.0539 range. If the pair holds above these levels, it can be said that the upward movements may continue to the resistance levels of 1.0600, 1.0640, and 1.0675. The RSI indicator is at 47, presenting a neutral outlook. The pair shows a 0.19% decrease compared to the previous day. If it falls below the 1.0518 support, the 1.0445 and 1.0390 support levels could be monitored. The main outlook remains negative as long as the pair stays below the 233-period moving average level of 1.0735.