EURUSD

The EUR/USD pair is being closely monitored this week in light of the Service PMI data from Europe and the US, as well as the anticipated economic data from the Eurozone, Germany, and the US. Notably, the US Non-Farm Payroll data and the FOMC meeting minutes to be released this week may have significant impacts on market direction. While the CPI and Service PMI data from Germany affect the Euro, the US Dollar Index's efforts to strengthen towards its November 2022 peaks are exerting pressure on the pair.

On the technical chart, the EUR/USD pair is trading just below the 1.0330 level. In its downward movements, 1.0280, 1.0230, and 1.0185 support levels appear crucial. For upward movements, resistance levels of 1.033, 1.0385, and 1.044 can be observed. The RSI indicator is in a neutral stance, and the market is following an indecisive trend. The pair has recorded a decline of 0.043% compared to the previous day. Within this data framework, it can be assessed that the pair may remain under pressure as long as it stays below the 1.0385 resistance level.