EURUSD

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EURUSD

The EUR/USD pair is finding direction due to the European Central Bank's tight monetary policy and positive economic data in the U.S. Economic stagnation and low inflation in the Eurozone are increasing expectations for ECB rate cuts, while Trump's policies and the Fed's tendency to raise rates in the U.S. are strengthening the dollar. This creates pressure on the Euro, with the Dollar Index recently showing strong performance. Mixed trends in Asian markets and trade tensions also impact the pair.

From a technical perspective, the EUR/USD pair is trending downwards, with 1.0385 and 1.0330 support levels emerging as critical areas. If the pair remains below the 1.0330 support, there is a possibility of approaching the 1 Euro = 1 Dollar level. In upward movements, the 1.0440 and 1.0480 resistance levels should be monitored. The RSI indicator is at the 40 level, indicating a negative outlook. The pair experienced a 0.03% decline compared to the previous day, showing that the overall negative trend continues.

Support :

1.0385 - 1.033 - 1.028

Resistance :

1.044 - 1.048 - 1.0545