EURUSD

The EUR/USD pair is trading in a period expected to be calm, as global markets experience a slower week due to the Christmas holiday. The release of significant economic data, especially from Europe and the US, may influence the pair's volatility. A holiday mood and dormancy are anticipated in the markets following the interest rate decisions by the ECB, Fed, BoE, and BoJ. However, growth data from the UK and Canada, along with durable goods orders and unemployment claims from the US, could potentially create movement in the pair. The weakening trend observed in the dollar index may support potential rises in the EUR/USD pair.

From a technical perspective, the EUR/USD pair is trading close to the 1.048 resistance level on the daily chart. If the pair surpasses this level, movement towards the 1.0545 level might be observed. On the downside, the 1.0385 and 1.033 support levels are significant. Notably, the 1.033 support level is being monitored as a critical level. The RSI indicator is currently in a neutral position at the 49 level, indicating an indecisive course for the pair. It is noted that the pair registered a 0.12% decrease compared to the previous day. In light of this data, it is considered that the EUR/USD pair may experience fluctuations between the specified support and resistance levels in the short term.