EURUSD

Throughout the week, key developments such as U.S. inflation data, the ECB interest rate decision, and statements from President Lagarde may influence the EUR/USD pair's trajectory. The U.S.'s short-term inflation expectation rising to 3% and falling gasoline prices could impact the dollar. Citigroup's projection that the ECB may not adopt an aggressive stance on interest rate cuts in 2025 creates uncertainty for the euro. The positive outlook for the dollar index is expected to persist within the congestion trend of the 105-108 range until the year-end.

Technically, the EUR/USD pair shows that increases up to the 1.06 resistance level are limited. If the pair falls below the 1.0545 support, declines towards the 1.0485 and 1.0440 levels may be observed. The RSI indicator is at 42 and presents a negative outlook. This is also supported by the pair's 0.05% decrease compared to the previous day. If stability below the 1.0545 support is maintained, a deeper decline towards the 1.0330 levels may occur. However, in upward movements, the 1.0600 and 1.0640 resistance zones can be monitored. Nonetheless, the general outlook continues to remain negative below the 233-period average.