EURUSD

The EUR/USD pair continues to face pressure under the influence of positive pricing behavior in the Dollar Index. The upcoming presidential elections in the U.S. and the possibility of a strong Dollar against a weak Euro are occupying the market's agenda. Additionally, while the BoE and the Fed are expected to cut interest rates in upcoming meetings, it is suggested that the ECB may also implement a quarter-point cut. Notably, the preliminary Manufacturing and Services PMI data to be released tomorrow could be significant for the direction of the pairs.

From a technical perspective, the EUR/USD pair is trading at the 1.08043 level. The pair may find support at levels 1.078, 1.0735, and 1.069, while 1.0828, 1.087, and 1.09 are being monitored as resistance levels during upward movements. The RSI indicator is at level 47, indicating a neutral market outlook. The pair has recorded a 0.05% decline compared to the previous day. In the short term, weak response and strong trend may continue; however, a movement above the 34-period average could be a sign of recovery.