EURUSD

While the inflation data from the Eurozone aligned with expectations, the ISM Services PMI data in the US surpassed expectations, highlighting an increased growth rate. The US Dollar Index (DXY) limited its losses from the beginning of the week, showing recovery and maintaining its strong stance against the Euro. Today's release of the ADP private-sector employment data and the FOMC minutes will be closely monitored by the markets. The rise in US bond yields and the strengthening of the dollar emerge as factors supporting the negative trend of the exchange rate. These developments continue to influence the volatile movement of the EUR/USD pair.

From a technical perspective, the EUR/USD pair encountered resistance at the 1.0440 level and retreated back towards 1.0330. The pair is exhibiting a negative trend below the 233-period average (1.0500). On the daily chart, the 1.0330 level stands out as a significant support point, and dropping below this level may bring about a more pronounced downward trend. In upward movements, the resistance levels of 1.0375, 1.044, and 1.048 should be monitored. The RSI indicator is at 38, displaying a negative outlook. The pair has shown a decline of 0.16% compared to the previous day.