EURUSD

EUR/USD - Analyzing the retracement levels, recoveries are observed at the golden ratio of 61.8, which corresponds to the level of 1.0874. The economic trajectory of the Eurozone, which fundamentally supports upward movements, suggests that this level may act as a support. If prices exceed this level, the 1.0930 to 1.1004 range emerges as a technical resistance. The fact that both countries are in a process of interest rate cuts suggests that horizontal pricing and limited pullbacks may occur for EUR/USD. Unless the data show significant deviations from expectations, it is anticipated that a sideways pricing within a broad range is possible.